In Mahanadi Coalfields Ltd vs Deputy Commissioner of Income Tax, the Cuttack bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that lease-hold rights being intangible assets are not eligible for depreciation under section

The Pune Bench Income Tax Appellate Tribunal (ITAT) has ruled that the transfer of leasehold rights, the special provision for the full value of consideration under section 50C applicable if a transfer of building is

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that leasehold right in land or building or both is transferred, and provisions of Section 50C cannot be invoked. The appellant, Bharat

The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the sub-lease of immovable property and the leasehold right are permanently assigned are not liable to service tax under the

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the leasehold rights can not be computed as capital gains in respect of transactions in land or building under Section 50C of the Income Tax

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the one-time non-refundable upfront charges paid for the acquisition of the leasehold rights are not ‘rent’ for the purpose of TDS under

In ITO v. Sh. Chander Sekhar, the ITAT Delhi held that income earned from transfer of leasehold rights is chargeable to Income Tax under section 50C of the Income Tax Act which provides for special provision

The Income Tax appellate tribunal (ITAT) in a case recently held that Section 50C (1) of the Income Tax Act 1961 cannot be invoked in case of transfer of leasehold right. As per section 50C

The Mumbai bench of Income Tax Appellate Tribunal has held that TDS is not mandatory for lease premium paid by the assessee to CIDCO to acquire leasehold rights for 60 years under the lease deed.

The Madras High Court while following its earlier decision held that the payment for the acquisition of leasehold rights over immovable property is not rental income, hence not liable for deduction of tax at source

The West Bengal Authority of Advance Ruling (AAR) ruled that assignment of leasehold right on land is taxable at the rate of 18% under GST. The NCLT passed an order, initiating the corporate insolvency resolution

The Tamil Nadu Authority of Advance Ruling (AAR) ruled that 18% GST payable on transfer of leasehold rights. The applicant, India Pistons Limited has stated that they are engaged in manufacturing of goods and was

The Supreme Court last week held that the amounts paid as part of the lease premium or biannual or annual payments for a limited/specific period towards the acquisition of leasehold rights are not subject to

The Bombay High Court set aside the reassessment proceedings alleging escapement of income on the transfer of leasehold rights. Peoples Education Society Thane, the petitioner is a charitable trust registered under the Bombay Public Trust

The Goods and Services Tax (GST) Authority for Advance Ruling (AAR), Gujarat has held that a recipient of services is not eligible to claim Input Tax Credit (ITC) on the GST paid for the transfer