https://www.taxtmi.com/highlights?id=48537 Capital gain on land sold - absolute ownership or not - It is not open for the Revenue to contend that to the exclusion of lessee, assessee alone must receive the entire sale consideration ignoring the leasehold rights held by lessee for 99 years in respect of the very same property which was the subject matter of the sale - entire consideration is not taxable in hand of assessee en-us Fri, 09 Aug 2019 07:18:15 +0530 Fri, 09 Aug 2019 07:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48537 Capital gain on land sold - absolute ownership or not - It is not open for the Revenue to contend that to the exclusion of lessee, assessee alone must receive the entire sale consideration ignoring the leasehold rights held by lessee for 99 years in respect of the very same property which was the subject matter of the sale - entire consideration is not taxable in hand of assessee Highlights Income Tax Fri, 09 Aug 2019 07:18:15 +0530 https://www.taxtmi.com/highlights?id=48537