https://www.taxtmi.com/caselaws?id=64091 Receipt on surrender of tenancy rights acquired without cost was treated as not chargeable to capital gains tax, because no cost of acquisition could be attributed to the tenancy right. The same receipt was also held not to be assessable as casual and non-recurring income under section 10(3), following the Special Bench view applied on those facts. The amended section 55(2) was not applied to impose tax liability for the year in question, so the surrender consideration remained outside taxable income in the assessee's hands. en-us Fri, 12 May 2000 00:00:00 +0530 Thu, 03 Feb 2011 17:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64091 Receipt on surrender of tenancy rights acquired without cost was treated as not chargeable to capital gains tax, because no cost of acquisition could be attributed to the tenancy right. The same receipt was also held not to be assessable as casual and non-recurring income under section 10(3), following the Special Bench view applied on those facts. The amended section 55(2) was not applied to impose tax liability for the year in question, so the surrender consideration remained outside taxable income in the assessee's hands. Case-Laws Income Tax Fri, 12 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64091