https://www.taxtmi.com/caselaws?id=419000 The High Court upheld the Tribunal's decision, dismissing the revenue's appeal regarding the treatment of compensation received for vacating tenancy as capital gains. The Court found no grounds to interfere, affirming that the consideration for surrendering tenancy rights should be assessed as capital gains. The revenue's appeal was dismissed, and the substantial question of law was answered against the revenue, leading to the closure of the related stay application. en-us Tue, 08 Feb 2022 00:00:00 +0530 Tue, 01 Mar 2022 08:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419000 The High Court upheld the Tribunal's decision, dismissing the revenue's appeal regarding the treatment of compensation received for vacating tenancy as capital gains. The Court found no grounds to interfere, affirming that the consideration for surrendering tenancy rights should be assessed as capital gains. The revenue's appeal was dismissed, and the substantial question of law was answered against the revenue, leading to the closure of the related stay application. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419000