https://www.taxtmi.com/caselaws?id=23678 The High Court ruled in favor of the assessee, affirming the Tribunal's decision that the amount received for vacating business premises was a capital receipt, not subject to capital gains tax due to the unascertainable cost of acquisition for the tenancy right. The Court agreed with the Tribunal's interpretation and cited precedents to support its decision. The case was forwarded to the Income-tax Appellate Tribunal for further proceedings. en-us Mon, 25 Sep 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23678 The High Court ruled in favor of the assessee, affirming the Tribunal's decision that the amount received for vacating business premises was a capital receipt, not subject to capital gains tax due to the unascertainable cost of acquisition for the tenancy right. The Court agreed with the Tribunal's interpretation and cited precedents to support its decision. The case was forwarded to the Income-tax Appellate Tribunal for further proceedings. Case-Laws Income Tax Mon, 25 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23678