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Assessee has raised the ground that on the facts and circumstances of thecase, the Ld. CIT(A) failed to consider that capital gain cannot be computed when cost is absent.

Shanti Prime Publication Pvt. Ltd.

Sec. 48 of Income Tax Act, 1961—Capital gain- Where assessee was having substantial rights in property as tenant (sub-tenant) and it was not merely a licence holder, amount received on surrender of such tenancy/sub-tenancy rights would be taxable as capital gains. - YOGINI MOHIT SAHITA V/s ITO - [2020] 82 ITR (TRIB) 015 (ITAT-MUMBAI)

Assessee has raised the ground that on the facts and circumstances of thecase, the Ld. CIT(A) failed to consider that capital gain cannot be computed when cost is absent.

Shanti Prime Publication Pvt. Ltd.

Sec. 48 of Income Tax Act, 1961—Capital gain- Where assessee was having substantial rights in property as tenant (sub-tenant) and it was not merely a licence holder, amount received on surrender of such tenancy/sub-tenancy rights would be taxable as capital gains. - YOGINI MOHIT SAHITA V/s ITO - [2020] 82 ITR (TRIB) 015 (ITAT-MUMBAI)

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