Section 50-C in respect of following
properties:-
(i) Industrial leasehold plot of 600 sq. mtrs. at Greater Noida,
District Gautam Budh Nagar, UP, which ... case of Shri Naseem Ahmed only).
3. The industrial leasehold plot at Greater Noida is shown to be sold
for a consolidated
leasehold residential plot. Commenting upon the adjustments made by the Valuation Officer, the AO observed that the adjustments of situation/location were allowed ... further obligation whereas in case of a purchaser of a leasehold plot in normal sale, the unearned increase is to be paid which affects
However, in the present case, that assessee having acquired
only leasehold rights in the plot situated at Bawana and there being stringent
conditions specified ... would show that the assessee had fully acquired the leasehold
rights in the plot in the financial year 2003-04 on the date when
leasehold residential plot. Commenting upon the adjustments made by the Valuation Officer, the AO observed that the adjustments of situation/location were allowed ... further obligation whereas in case of a purchaser of a leasehold plot in normal sale, the unearned increase is to be paid which affects
value of land when
the owner applies for conversion from leasehold plot into freehold
5 ITA nos.1044& 1481/Del./2012
plot and balance ... appellant that freehold plot should command
substantial premium over leasehold plots.
5.2 The situation of the plot was on the main Ring Road
and, therefore
Industries U.P.".
The assessee had transferred the Leasehold rights
in the plot of DIC, Rampur to Mr Vineet Kumar Gupta on
the Premium ... case, it is the factual matrix that the assessee got a leasehold
plot from District Industrial Center, Rampur for lease of 99 years for setting
year it was found that the assessee was allotted leasehold right
of plot NO. 25, Pocket A3 in Sector 28, Rohini , New Delhi ... apply on transfer of leasehold
right in plot of land and direct the ld AO to delet the addition of Rs
Page
Puran Chand Sawhney, all residents of New Delhi, partitioned the leasehold rights in the plots of land measuring 3.02 acres known as 19 Prithvi ... Road, New Delhi, with buildings constructed thereon, whereby the leasehold rights in the plot of 3.02 acres of land at 19, Prithvi Raj Road together
short term capital gain (deemed) from the transfer of
leasehold rights in the plot of land allotted to the appellant assessee not
considering and ignoring ... book together with the site
plan thereon. This industrial plot of land acquired of leasehold basis was
sold by the assessee during the year under
year 1979-80.
2. The assessee, an individual, held leasehold rights of a residential plot of land bearing No. 380 in B-Block, New Friends ... Delhi measuring about 492 sq. yds. He gifted the leasehold rights in this plot of land to his son Shri Rajesh Sethi. For the purpose
