right in plot
against which the assessee was allotted leasehold plot which could not be
considered as agricultural land transferred during the year. This ... capital gain' on
account of such transfer of the leasehold Plot to 'P'. The assessee's case
was that the original
2012
6
acquisition of leasehold rights in the said leasehold plots and not for the use of the
plots. Lease premium are consideration for purchase ... towards transfer of larger interest/ right (leasehold right) by CIDCO to us in the
said leasehold plots arid not just for its use as envisaged
lease premium
under the lease deed(s) isacquisition of leasehold rights in the said
leasehold plots and not for the use of the plots. Lease ... towards transfer of larger interest/ right (leasehold
right) by CIDCO to us in the said leasehold plots arid not just for its
use as envisaged
showed
lease rent received at `6,000 p.a. for the leasehold plot of land. It was also
claimed that the assessee had paid lease ... being called upon to furnish the details of purchase of leasehold plots, copy
of agreement for purchase etc., the assessee stated that an agreement
Swastik Household And Industrial ... vs Income-Tax Officer on 9 November, 1987
Equivalent citations: [1988
erred by holding that the leasehold rights of the plots 23B & 23C were acquired
vide allotment letters of CIDCO dated ... Assessing Officer in treating Long Term Capital Gains on sale of leasehold Plot
no. 23B and 23C as Short Term Capital Gains.
3. The Cross
leasehold
rights'. This also supports our opinion that assessee has more than
leasehold rights on the plot of land"
4.8 In this decision ... land comes to Rs.5,74,56,000/- for the said leasehold
plot admeasuring 3600 sqr. mtr. In our opinion it would be fair
like membership
of Juhu Vile Parle Gymkhana Cub etc and leasehold rights in plot.
As per the bye laws of the society, only members ... society and all the rights in the society
including leasehold plot remain in the hands of the said family. The
other occupants of the flats
known as Ram Niwas. This was constructed in
year 1973 on leasehold plot of land Under lease from
Vallabhnagar co-operative housing society
Acquisition
Rent from Income from Other Sources Municipal taxes, S. 57
Leasehold plots and Ground Rent
Licensed plots
Hire charges of Micro Income from Other
