https://www.taxtmi.com/caselaws?id=290851 The appeal by the revenue contested the assessment of premium received on the transfer of tenancy as either capital gain or income from other sources. The CIT(A) directed the assessment as capital gain, which was upheld by the Tribunal. The change in tenancy was not considered a change in ownership, and the deduction claimed under section 54EC was allowed. The Tribunal's decision was based on the nature of the asset and consistent precedents, leading to the dismissal of the revenue's appeal. en-us Wed, 13 Dec 2017 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290851 The appeal by the revenue contested the assessment of premium received on the transfer of tenancy as either capital gain or income from other sources. The CIT(A) directed the assessment as capital gain, which was upheld by the Tribunal. The change in tenancy was not considered a change in ownership, and the deduction claimed under section 54EC was allowed. The Tribunal's decision was based on the nature of the asset and consistent precedents, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290851