https://www.taxtmi.com/caselaws?id=432042 Receipt on surrender of established tenancy or sub-tenancy rights is treated as capital gains where the documentary record shows an existing right and its relinquishment, rather than as income from other sources. The note also states that section 54F relief can be claimed on investment in a residential house even where title is not yet perfected by registered conveyance, so long as the investment is proved by agreements, accounts, bank records and invoices. It further explains that a share transaction loss may be accepted when supported by transfer forms, share certificates, company records and banking trails, and that interest under section 57(iii) is deductible where a direct nexus with income-producing borrowings is established. en-us Mon, 21 Nov 2022 00:00:00 +0530 Mon, 26 Dec 2022 20:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432042 Receipt on surrender of established tenancy or sub-tenancy rights is treated as capital gains where the documentary record shows an existing right and its relinquishment, rather than as income from other sources. The note also states that section 54F relief can be claimed on investment in a residential house even where title is not yet perfected by registered conveyance, so long as the investment is proved by agreements, accounts, bank records and invoices. It further explains that a share transaction loss may be accepted when supported by transfer forms, share certificates, company records and banking trails, and that interest under section 57(iii) is deductible where a direct nexus with income-producing borrowings is established. Case-Laws Income Tax Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432042