is transfer of possessory right in the property is taxable?
Reply: Transfer of tenancy rights are covered under capital gain but transfer of possessory rights are not covered under capital gain. Refer ITAT, Mumbai judgement in the case of Yogini mohit sahita V
INCOME TAX OFFICER [2020] 181 TAXLOK.COM (IT) 216 (ITAT-MUMBAI).
Posted Date: Mar 27, 2021