https://www.taxtmi.com/caselaws?id=384251 The case involved a dispute over the computation of capital gains for the Assessment Year 2012-13 based on ownership and sale consideration. The Assessing Officer's contention that the entire sale consideration should go to the assessee was rejected. The Commissioner of Income Tax (Appeals) recognized the leasehold rights of another party, resulting in an apportionment of sale consideration. The Tribunal upheld this decision, emphasizing the distinct rights of the parties involved and dismissing the Revenue's appeal. The judgment clarified the importance of recognizing different rights in determining the apportionment of sale consideration for tax purposes. en-us Tue, 16 Jul 2019 00:00:00 +0530 Thu, 08 Aug 2019 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384251 The case involved a dispute over the computation of capital gains for the Assessment Year 2012-13 based on ownership and sale consideration. The Assessing Officer's contention that the entire sale consideration should go to the assessee was rejected. The Commissioner of Income Tax (Appeals) recognized the leasehold rights of another party, resulting in an apportionment of sale consideration. The Tribunal upheld this decision, emphasizing the distinct rights of the parties involved and dismissing the Revenue's appeal. The judgment clarified the importance of recognizing different rights in determining the apportionment of sale consideration for tax purposes. Case-Laws Income Tax Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384251