Leasehold Rights Not a 'Capital Asset' u/s 2(14)(a) of Income Tax Act, Court Rules in Lease Agreement Case.

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....Nature of the transaction - lease agreement or in the nature of transfer of capital assets - the leasehold right, given to SGL for a period of ten years, of the plant and machinery along with land and building, is not a 'capital asset' within the meaning of Section 2(14)(a) - HC....