TMI BlogAddition u/s 68 - LTCG - it is settled position under the law, that tenancy right is a transferable...Addition u/s 68 - LTCG - it is settled position under the law, that tenancy right is a transferable asset. The assessee received consideration on transfer of said right - assessee has unambiguously proved that asset was in the possession of assessee for more than three year, thus, on the sale of tenancy right the assessee is entitled for LTCG. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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