Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Redeveloped Flat on Surrender of Tenancy Rights Taxable as Capital Gains; Section 54F Relief Allowed: ITAT Mumbai

Case Law Details

Case Name
Anant Ramchandra Dhotre Vs ITO (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2018-19
Advertisement
Anant Ramchandra Dhotre Vs ITO (ITAT Mumbai) Redeveloped Flat on Surrender of Tenancy Rights Taxable as Capital Gains; Section 54F Relief Allowed: ITAT Mumbai Material Facts: The assessee, who had inherited tenancy rights in a Municipal Corporation property at Dadar, Mumbai, surrendered those tenancy rights pursuant to redevelopment of the building. The original tenanted premises measured about 441 sq. ft., which, after adding fungible area, came to approximately 600 sq. ft. Under the redevelopment arrangement, the assessee was initially to receive a flat measuring 730 sq. ft. However, follow...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,080

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *