https://www.taxtmi.com/caselaws?id=326787 The Tribunal set aside the CIT's order under Section 263 and reinstated the original assessment by the AO under Section 143(3). The appeals by the assessee-HUF were allowed, confirming that the one-time premium for granting tenancy rights should be treated as capital receipts. The exemption under Section 54EC was rightfully granted, as the receipts constituted capital gains. en-us Wed, 24 Feb 2016 00:00:00 +0530 Mon, 25 Apr 2016 11:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326787 The Tribunal set aside the CIT's order under Section 263 and reinstated the original assessment by the AO under Section 143(3). The appeals by the assessee-HUF were allowed, confirming that the one-time premium for granting tenancy rights should be treated as capital receipts. The exemption under Section 54EC was rightfully granted, as the receipts constituted capital gains. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326787