https://www.taxtmi.com/caselaws?id=189091 The Tribunal partially allowed the appeal, ruling that there was no surrender of tenancy rights during the relevant year, thereby invalidating the capital gains assessment of Rs. 30 crores. The claim for deductions related to payments to workers and sub-tenants was dismissed as academic. Additionally, the interest levied under Sections 234B and 234C was canceled due to the absence of tax liability resulting from significant losses. en-us Thu, 07 Oct 1999 00:00:00 +0530 Tue, 27 Dec 2016 17:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189091 The Tribunal partially allowed the appeal, ruling that there was no surrender of tenancy rights during the relevant year, thereby invalidating the capital gains assessment of Rs. 30 crores. The claim for deductions related to payments to workers and sub-tenants was dismissed as academic. Additionally, the interest levied under Sections 234B and 234C was canceled due to the absence of tax liability resulting from significant losses. Case-Laws Income Tax Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189091