Income from 1907 leasehold rights surrender classified as LTCG; deduction claimable for acquisition cost from April 1, 1981.

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....Income under the head “Long Term Capital Gain” (LTCG) on surrender of tenancy rights - leasehold rights have been acquired by the assessee’s predecessors in interest in the year 1907 - The assessee would therefore be entitled to claim deduction of cost of acquisition of leasehold interest as on 1.4.1981 - AT....