https://www.taxtmi.com/caselaws?id=5269 SC held that the grant of a ten-year mining lease by the assessee constituted a transfer attracting capital gains tax under section 45, because leasehold rights' cost of acquisition is determinable and the computation provisions apply. The date of acquisition of the lease right is the date the freehold was acquired. An earlier decision holding that self-generated goodwill cannot give rise to capital gains was distinguished as inapplicable. The appeal was dismissed with costs. en-us Fri, 10 Feb 1989 00:00:00 +0530 Tue, 28 Oct 2025 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5269 SC held that the grant of a ten-year mining lease by the assessee constituted a transfer attracting capital gains tax under section 45, because leasehold rights' cost of acquisition is determinable and the computation provisions apply. The date of acquisition of the lease right is the date the freehold was acquired. An earlier decision holding that self-generated goodwill cannot give rise to capital gains was distinguished as inapplicable. The appeal was dismissed with costs. Case-Laws Income Tax Fri, 10 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5269