https://www.taxtmi.com/caselaws?id=12860 The Tribunal upheld the assessee's claim of ownership of the super structure on leased land as 'Income from house property' based on the lease terms allowing construction. The classification of rental income as 'Income from house property' was supported by the lessee's rights under the lease deed. Additionally, the Tribunal's decision to tax the sale proceeds of land and building separately as 'long-term' and 'short-term capital gains' was upheld, requiring apportionment of sale proceeds. The judgment favored the assessee on all issues, affirming the Tribunal's decisions. en-us Tue, 31 Jul 2001 00:00:00 +0530 Fri, 22 May 2009 15:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12860 The Tribunal upheld the assessee's claim of ownership of the super structure on leased land as 'Income from house property' based on the lease terms allowing construction. The classification of rental income as 'Income from house property' was supported by the lessee's rights under the lease deed. Additionally, the Tribunal's decision to tax the sale proceeds of land and building separately as 'long-term' and 'short-term capital gains' was upheld, requiring apportionment of sale proceeds. The judgment favored the assessee on all issues, affirming the Tribunal's decisions. Case-Laws Income Tax Tue, 31 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12860