TMI BlogLong term capital loss - assessee has surrendered the leasehold rights - lease premium was amortized...Long term capital loss - assessee has surrendered the leasehold rights - lease premium was amortized over the period of lease but was not shown as an asset in the income tax depreciation schedule - AO / CIT(A) considered the same as the long term capital loss has escaped assessment - AO directed to ascertain the facts and allow the relief to the assessee as per the CBDT circular - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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