No Income Tax on Receipt of Compensation on Lease hold Rights Over A Plot: Delhi HC [Read Order]

By Rasheela Basheer - On December 26, 2022 4:32 pm - 3 mins read

A division bench of the High Court has held that the leasehold rights shall be treated as “capital asset” and the compensation received on leasehold rights over a plot shall not be subject to income tax under the provisions of the Income Tax Act, 1961. TheAssessee, M/s Pawa Infrastructure (P) Ltd, applied forallotment of a…

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PR. COMMISSIONER OF INCOME TAX-7 vs PAWA INFRASTRUCTURE (P) LTD.

CITATION: 2022 TAXSCAN (HC) 1069

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