https://www.taxtmi.com/caselaws?id=184084 The Tribunal, citing relevant documents and legal precedents, ruled in favor of a partnership firm in a case involving the transfer of possessory rights of a property. The Court held that as the possessory right was self-generated without any cost of acquisition, the consideration received for the transfer should not be considered for computing capital gains under the Income Tax Act. The decision aligned with established legal principles and precedents, ultimately deciding in favor of the firm and against the Revenue. en-us Mon, 20 Aug 2001 00:00:00 +0530 Wed, 29 Jun 2016 12:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184084 The Tribunal, citing relevant documents and legal precedents, ruled in favor of a partnership firm in a case involving the transfer of possessory rights of a property. The Court held that as the possessory right was self-generated without any cost of acquisition, the consideration received for the transfer should not be considered for computing capital gains under the Income Tax Act. The decision aligned with established legal principles and precedents, ultimately deciding in favor of the firm and against the Revenue. Case-Laws Income Tax Mon, 20 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184084