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Section 22 of income tax

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(Querist)
15 February 2019 MR.X TAKEN ON LEASE FROM MR.Y LAND & BUILDING FOR 55 YEARS ON LUMPSUM PAYMENT WHETHE OF 3 CRORES .WHETHER MR X CAN BE TAKEN OS OWNER OF PROPERTY AS PER SECTION 22 OF INCOME TAX ACT
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 February 2019 lease is not change of ownership.
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