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1 - 10 of 15 (0.21 seconds)The Gift-Tax Act, 1958
Section 6 in The Income Tax Act, 1961 [Entire Act]
Section 4 in The Wealth-Tax Act, 1957 [Entire Act]
Section 45 in The Income Tax Act, 1961 [Entire Act]
Section 54EA in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax, Bangalore ... vs B. C. Srinivasa Setty, Etc. Etc on 19 February, 1981
3.3 In ground No. 3, the finding of the learned CIT(A) that the right of the assessee was an easement right was assailed. It was also mentioned that even in such a situation, the cost of acquisition was nil. We have dealt with the nature of the right of the assessee in the preceding paragraph. We are of the view that the right of the assessee is not a right of easement. We are also' of the view that the right of the assessee is not the same as good will and, therefore, the ratio of the case of BC Srinivasa Shetty(supra) is not applicable. Thus, ground No. 3 of the appeal is also partly allowed.