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
agreed to purchase from 'R' a leasehold plot.
'R' was not having lease of the land in his favour from ... obtain
permission and sanction from the Government before the transfer
of leasehold plot. 'R' did not take any steps to apply
this definition includes not only the
freehold plots, but also the leasehold plots. It is urged that, the
definitions of the terms 'Promoter ... present context includes even when the plot sold is a "freehold or
leasehold". To that extent, it has to be held that
authorities allot
plots on freehold basis, that is by way of absolute
sale. Some development authorities like DDA allot
plots on leasehold basis. Some have ... freehold
property with reference to the premium for a
leasehold plot allotted by DDA. As the period of lease
is long, the rent is very
this definition includes not only the
freehold plots, but also the leasehold plots. It is urged that, the
definitions of the terms 'Promoter ... present context includes even when the plot sold is a "freehold or
leasehold". To that extent, it has to be held that
this definition includes not only the
freehold plots, but also the leasehold plots. It is urged that, the
definitions of the terms 'Promoter ... present context includes even when the plot sold is a "freehold or
leasehold". To that extent, it has to be held that
this definition includes not only the
freehold plots, but also the leasehold plots. It is urged that, the
definitions of the terms 'Promoter ... present context includes even when the plot sold is a "freehold or
leasehold". To that extent, it has to be held that
this definition includes not only the
freehold plots, but also the leasehold plots. It is urged that, the
definitions of the terms 'Promoter ... present context includes even when the plot sold is a "freehold or
leasehold". To that extent, it has to be held that
this definition includes not only the
freehold plots, but also the leasehold plots. It is urged that, the
definitions of the terms 'Promoter ... present context includes even when the plot sold is a "freehold or
leasehold". To that extent, it has to be held that
petitioner that for the
purpose of holding a plot, a lease in respect of plot
for godown was also executed for a minimum period ... land bearing Survey
No.223 which is immediately adjacent to the leasehold
plot of the petitioner and the same is a bitumen
road. The petitioner
