https://www.taxtmi.com/caselaws?id=58955 The tenancy rights of the assessee-firm were deemed to have ended upon purchasing the property on 16-2-1973, with the majority view holding that the cost of acquisition for computing capital gains should be Rs. 21,806, without factoring in the value of tenancy rights as on 1-1-1954. The appeal was dismissed, affirming the decisions of the lower authorities. en-us Fri, 26 Mar 1982 00:00:00 +0530 Thu, 23 Dec 2010 13:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58955 The tenancy rights of the assessee-firm were deemed to have ended upon purchasing the property on 16-2-1973, with the majority view holding that the cost of acquisition for computing capital gains should be Rs. 21,806, without factoring in the value of tenancy rights as on 1-1-1954. The appeal was dismissed, affirming the decisions of the lower authorities. Case-Laws Income Tax Fri, 26 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58955