https://www.taxtmi.com/caselaws?id=186816 The High Court held that income derived from the relinquishment of tenancy rights is a capital receipt not subject to income tax. The assessment order was set aside, and a notice under section 148 challenging the income assessment was deemed infructuous and quashed. The Court allowed all writ petitions, including those challenging the validity of similar notices, in favor of the petitioners against the Revenue, with no costs awarded. en-us Thu, 28 Apr 2011 00:00:00 +0530 Sat, 01 Oct 2016 15:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186816 The High Court held that income derived from the relinquishment of tenancy rights is a capital receipt not subject to income tax. The assessment order was set aside, and a notice under section 148 challenging the income assessment was deemed infructuous and quashed. The Court allowed all writ petitions, including those challenging the validity of similar notices, in favor of the petitioners against the Revenue, with no costs awarded. Case-Laws Income Tax Thu, 28 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186816