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Long Term Capital Gain - possessory right - transfer of ownership by co-owner(not the assessee) of his share - in registered conveyance deed, it was acknowledged by all the concerned parties that assessee held a possessory right in the property - transfer of such rights or interest in the property is taxable under the head “Capital Gains”

Income Tax
8-5-2019

Long Term Capital Gain - possessory right - transfer of ownership by co-owner(not the assessee) of his share - in registered conveyance deed, it was acknowledged by all the concerned parties that assessee held a possessory right in the property - transfer of such rights or interest in the property is taxable under the head “Capital Gains”

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