Leasehold Rights Not Considered Immovable Property u/s 56(2)(vii)(b) of Income Tax Act, Court Rules.

Leasehold Rights Not Considered Immovable Property u/s 56(2)(vii)(b) of Income Tax Act, Court Rules. https://www.taxtmi.com/highlights?id=65741 Addition u/s 56(2)(vii)(b) - Whether leasehold rights are covered under the statutory definition of “any immovable property” u/s. 56 (2)(vii)(b) as defined in Explanation (d)(i) as “being land or building or both? - HELD No - AT en-us Wed, 21 Sep 2022 13:43:45 +0530 Wed, 21 Sep 2022 13:43:45 +0530 TaxTMI RSS Generator Leasehold Rights Not Considered Immovable Property u/s 56(2)(vii)(b) of Income Tax Act, Court Rules. https://www.taxtmi.com/highlights?id=65741 Addition u/s 56(2)(vii)(b) - Whether leasehold rights are covered under the statutory definition of “any immovable property” u/s. 56 (2)(vii)(b) as defined in Explanation (d)(i) as “being land or building or both? - HELD No - AT Highlights Income Tax Wed, 21 Sep 2022 13:43:45 +0530 https://www.taxtmi.com/highlights?id=65741