https://www.taxtmi.com/caselaws?id=11460 The High Court upheld the Tribunal's decision that the transfer of a building on leased land included both the building and the leasehold right. The Court agreed that the consideration received was for both components, exempting it from capital gains tax. The Court deemed Rs. 1 lakh as a reasonable consideration for the transfer of the leasehold right. en-us Wed, 19 Mar 2003 00:00:00 +0530 Mon, 10 Aug 2009 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11460 The High Court upheld the Tribunal's decision that the transfer of a building on leased land included both the building and the leasehold right. The Court agreed that the consideration received was for both components, exempting it from capital gains tax. The Court deemed Rs. 1 lakh as a reasonable consideration for the transfer of the leasehold right. Case-Laws Income Tax Wed, 19 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11460