Assessee not liable to LTCG if land leased to builder for flats and payments received directly by builder
March 15, 2016
Income Tax, ITAT, Judgments
Assessee not liable to Long Term Capital Gain for being registered owner where the land was leased out to a builder company for construction of flats and payments for flat sales were received directly by the builder. Case Details: INCOME TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI I.T.A. No 4518/Mum/2012 Assessment …
