The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the income from the relinquishment of right over a property cannot be treated as “capital gain” for the purpose of levying an income tax. Smt. SaraswatiVithaldasSahita occupied a flat on the 2nd floor of the building known as Gangasagar on a license basis. She […]
from Taxscan | Simplifying Tax Laws https://ift.tt/3gEvGXG
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