https://www.taxtmi.com/caselaws?id=14328 HC held that compensation on surrender of tenancy rights does not fall to be taxed as income from other sources under section 56 when capital gains under section 45 are not attracted; capital receipts do not automatically qualify for exemption under section 10(3). The court ruled that only gains chargeable under section 45 are treated as capital gains under section 2(24)(vi), and amounts representing the capital value of the asset cannot be taxed under section 56. Decision for the assessee against the Department. en-us Tue, 06 Feb 2001 00:00:00 +0530 Mon, 06 Oct 2025 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14328 HC held that compensation on surrender of tenancy rights does not fall to be taxed as income from other sources under section 56 when capital gains under section 45 are not attracted; capital receipts do not automatically qualify for exemption under section 10(3). The court ruled that only gains chargeable under section 45 are treated as capital gains under section 2(24)(vi), and amounts representing the capital value of the asset cannot be taxed under section 56. Decision for the assessee against the Department. Case-Laws Income Tax Tue, 06 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14328