Section 68: Tenancy Rights Recognized as Transferable Assets for Long Term Capital Gains Qualification.

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....Addition u/s 68 - LTCG - it is settled position under the law, that tenancy right is a transferable asset. The assessee received consideration on transfer of said right - assessee has unambiguously proved that asset was in the possession of assessee for more than three year, thus, on the sale of tenancy right the assessee is entitled for LTCG.....