https://www.taxtmi.com/highlights?id=13764 Since the building was constructed on the land given by the assessee, naturally the cost of the building has to be estimated in the hands of the M/s. Lumbini Constructions alone and proportionate share of the assessee therein, will have to be considered as price for surrendering the land. - AT en-us Wed, 07 Aug 2013 19:49:35 +0530 Wed, 07 Aug 2013 19:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=13764 Since the building was constructed on the land given by the assessee, naturally the cost of the building has to be estimated in the hands of the M/s. Lumbini Constructions alone and proportionate share of the assessee therein, will have to be considered as price for surrendering the land. - AT Highlights Income Tax Wed, 07 Aug 2013 19:49:35 +0530 https://www.taxtmi.com/highlights?id=13764