https://www.taxtmi.com/caselaws?id=391821 The Tribunal upheld the CIT(A)'s decision to treat arrear rent paid as consideration for the transfer of leasehold rights, resulting in an addition of Rs. 3,56,63,433/- as Long Term Capital Gain. Additionally, the undisclosed income of Rs. 10,00,000/- from license fee was confirmed. The Tribunal dismissed the appeal, affirming both additions as taxable and emphasizing the failure to prove commercial expediency for the payment. The order was pronounced on 05/02/2020. en-us Wed, 05 Feb 2020 00:00:00 +0530 Fri, 07 Feb 2020 11:24:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391821 The Tribunal upheld the CIT(A)'s decision to treat arrear rent paid as consideration for the transfer of leasehold rights, resulting in an addition of Rs. 3,56,63,433/- as Long Term Capital Gain. Additionally, the undisclosed income of Rs. 10,00,000/- from license fee was confirmed. The Tribunal dismissed the appeal, affirming both additions as taxable and emphasizing the failure to prove commercial expediency for the payment. The order was pronounced on 05/02/2020. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391821