https://www.taxtmi.com/caselaws?id=59935 The Tribunal held that the consideration received for the transfer of rights and permissions should be treated as capital gains. The Tribunal found that the cost of acquisition for the transferred rights was identifiable and properly recorded in the books. The matter was remanded to the Assessing Officer to determine whether the capital gains should be treated as short-term or long-term based on the period of expenditure, with specific consideration given to expenses incurred more than 36 months before the transfer date. en-us Fri, 30 May 2003 00:00:00 +0530 Sat, 03 Sep 2011 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59935 The Tribunal held that the consideration received for the transfer of rights and permissions should be treated as capital gains. The Tribunal found that the cost of acquisition for the transferred rights was identifiable and properly recorded in the books. The matter was remanded to the Assessing Officer to determine whether the capital gains should be treated as short-term or long-term based on the period of expenditure, with specific consideration given to expenses incurred more than 36 months before the transfer date. Case-Laws Income Tax Fri, 30 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59935