Deemed ownership of leasehold rights treated as sale on transfer under Income-tax Act amendment provision. For the purposes of Section 33A, an assessee holding a leasehold or other right of occupancy in land is deemed to own that land, and any transfer of that right is deemed to be a sale or other transfer of the land; the Explanation is deemed always to have been inserted at the end of Section 33A.
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Provisions expressly mentioned in the judgment/order text.
Deemed ownership of leasehold rights treated as sale on transfer under Income-tax Act amendment provision.
For the purposes of Section 33A, an assessee holding a leasehold or other right of occupancy in land is deemed to own that land, and any transfer of that right is deemed to be a sale or other transfer of the land; the Explanation is deemed always to have been inserted at the end of Section 33A.
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