https://www.taxtmi.com/caselaws?id=219271 Transfer of tenancy rights in the matrimonial property was treated as a transfer of tenancy rights, not a separate inchoate residential right, and the receipt was assessed as capital gains with cost of acquisition taken as nil under the statutory rule for tenancy rights. The Tribunal distinguished the cited Gujarat High Court ruling on the basis of the different statutory position. The estimated disallowance of nursery school expenses was also upheld because the assessee produced no supporting evidence before any authority. en-us Fri, 08 Jun 2012 00:00:00 +0530 Sun, 09 Dec 2012 19:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219271 Transfer of tenancy rights in the matrimonial property was treated as a transfer of tenancy rights, not a separate inchoate residential right, and the receipt was assessed as capital gains with cost of acquisition taken as nil under the statutory rule for tenancy rights. The Tribunal distinguished the cited Gujarat High Court ruling on the basis of the different statutory position. The estimated disallowance of nursery school expenses was also upheld because the assessee produced no supporting evidence before any authority. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219271