https://www.taxtmi.com/caselaws?id=260843 A person in occupation under an agreement before 1 February 1973 was treated as a deemed tenant under the rent control scheme, and the contractual description as a licence could not override the statutory deeming provision. The tenancy right was property and therefore a capital asset; surrender of that right amounted to transfer of a capital asset, so the consideration received was chargeable as capital gains rather than income from other sources. No substantial question of law arose for admission. en-us Mon, 15 Jun 2015 00:00:00 +0530 Thu, 25 Jun 2015 06:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260843 A person in occupation under an agreement before 1 February 1973 was treated as a deemed tenant under the rent control scheme, and the contractual description as a licence could not override the statutory deeming provision. The tenancy right was property and therefore a capital asset; surrender of that right amounted to transfer of a capital asset, so the consideration received was chargeable as capital gains rather than income from other sources. No substantial question of law arose for admission. Case-Laws Income Tax Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260843