<h1>Supreme Court rules income from surrender of tenancy rights not taxable under capital gains; Department's appeal dismissed.</h1> The Supreme Court resolved a legal dispute concerning the taxability of income from the surrender of tenancy rights, ruling that such transactions are not subject to income tax under capital gains. The case involved a respondent who surrendered tenancy rights prematurely in exchange for a payment, which the Department argued should be taxed. The Court upheld that tenancy rights are capital assets, and their surrender results in capital receipts. However, due to the inability to compute capital gains as per the Income-tax Act, such income cannot be taxed. The appeal by the Department was dismissed, affirming the High Court's decision.