The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the mere license to enter the property for carrying out development not ‘Transfer’ for imposing capital gain liability under the provisions of the Income Tax Act, 1961. A single bench of Judicial Member N.V. Vasudevan was considering the case of Smt. Lakshmi […]
The post Mere License to Enter the Property for Carrying Out Development not ‘Transfer’ for imposing Capital Gain Liability: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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