https://www.taxtmi.com/caselaws?id=290850 The ITAT affirmed the decision of the CIT(A) that the premium received by the assessee on the transfer of tenancy rights should be treated as income from capital gains, eligible for deduction u/s 54EC. The ITAT concluded that the premium was on account of the transfer of a capital asset, specifically the right of consent connected to the shops, which constituted a capital asset. Therefore, the revenue's appeal was dismissed, and the assessee's treatment of the premium as capital gains was upheld. en-us Wed, 25 May 2016 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290850 The ITAT affirmed the decision of the CIT(A) that the premium received by the assessee on the transfer of tenancy rights should be treated as income from capital gains, eligible for deduction u/s 54EC. The ITAT concluded that the premium was on account of the transfer of a capital asset, specifically the right of consent connected to the shops, which constituted a capital asset. Therefore, the revenue's appeal was dismissed, and the assessee's treatment of the premium as capital gains was upheld. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290850