Surrender of tenancy rights not taxable if Section 45 of Income Tax Act is inapplicable, says court ruling.

Surrender of tenancy rights not taxable if Section 45 of Income Tax Act is inapplicable, says court ruling. https://www.taxtmi.com/highlights?id=2941 Assessbility of amount received for surrender of tenancy right – Once Section 45 cannot be applied, it is not open to the Department to impose tax on such capital receipt by the assessee under any other section..... - HC en-us Thu, 16 Feb 2012 09:39:21 +0530 Thu, 16 Feb 2012 09:39:21 +0530 TaxTMI RSS Generator Surrender of tenancy rights not taxable if Section 45 of Income Tax Act is inapplicable, says court ruling. https://www.taxtmi.com/highlights?id=2941 Assessbility of amount received for surrender of tenancy right – Once Section 45 cannot be applied, it is not open to the Department to impose tax on such capital receipt by the assessee under any other section..... - HC Highlights Income Tax Thu, 16 Feb 2012 09:39:21 +0530 https://www.taxtmi.com/highlights?id=2941