https://www.taxtmi.com/caselaws?id=216197 The Tribunal upheld the treatment of the receipt from the surrender of tenancy rights as a capital receipt, not income. The assessee's tenancy status was recognized, and fresh evidence was accepted. The amendment to Section 55(2) was deemed inapplicable, and the compensation received was not considered capital gains. The Tax Case Appeal was dismissed without costs. en-us Tue, 19 Jun 2012 00:00:00 +0530 Mon, 03 Sep 2012 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216197 The Tribunal upheld the treatment of the receipt from the surrender of tenancy rights as a capital receipt, not income. The assessee's tenancy status was recognized, and fresh evidence was accepted. The amendment to Section 55(2) was deemed inapplicable, and the compensation received was not considered capital gains. The Tax Case Appeal was dismissed without costs. Case-Laws Income Tax Tue, 19 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216197