https://www.taxtmi.com/caselaws?id=256901 The court upheld the Income-tax Appellate Tribunal's decision that income received from surrendering sub-tenancy rights should be treated as capital gains, not casual income. The court emphasized that such receipts should be assessed under the appropriate section, in this case, 'Capital gains.' The appellant-Revenue's appeal was dismissed, affirming the Tribunal's decision and clarifying the taxability of such income under the Income-tax Act. en-us Wed, 05 Nov 2014 00:00:00 +0530 Wed, 25 Feb 2015 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256901 The court upheld the Income-tax Appellate Tribunal's decision that income received from surrendering sub-tenancy rights should be treated as capital gains, not casual income. The court emphasized that such receipts should be assessed under the appropriate section, in this case, 'Capital gains.' The appellant-Revenue's appeal was dismissed, affirming the Tribunal's decision and clarifying the taxability of such income under the Income-tax Act. Case-Laws Income Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256901