https://www.taxtmi.com/caselaws?id=205729 The High Court held that income from relinquishment of tenancy rights was a capital receipt and not subject to Income-tax under the Income-tax Act, 1961. The impugned order of assessment was set aside, and notices under section 148 were deemed infructuous and quashed for all petitioners. The Court allowed all writ petitions, ruling in favor of the petitioners and against the Revenue, exempting them from paying Income-tax on the said income based on established legal principles from relevant judgments. en-us Thu, 28 Apr 2011 00:00:00 +0530 Mon, 19 Sep 2011 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205729 The High Court held that income from relinquishment of tenancy rights was a capital receipt and not subject to Income-tax under the Income-tax Act, 1961. The impugned order of assessment was set aside, and notices under section 148 were deemed infructuous and quashed for all petitioners. The Court allowed all writ petitions, ruling in favor of the petitioners and against the Revenue, exempting them from paying Income-tax on the said income based on established legal principles from relevant judgments. Case-Laws Income Tax Thu, 28 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205729