https://www.taxtmi.com/caselaws?id=432042 Surrender consideration for established sub-tenancy rights is taxable as capital gains where contemporaneous agreements, banking records and litigation history substantiate the rights and their relinquishment; it cannot be treated as income from other sources merely on suspicion. Exemption under section 54F is available for proved investment in a residential house, including an incomplete structure and subsequent construction, without requiring registered conveyance. Share-sale loss is allowable where transfer forms, certificates, company records, broker evidence and banking trail establish the transaction despite related-party concerns or deferred payment. Interest expenditure is deductible under section 57(iii) where borrowings have a direct nexus with interest-earning advances or investments. 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 Surrender consideration for established sub-tenancy rights is taxable as capital gains where contemporaneous agreements, banking records and litigation history substantiate the rights and their relinquishment; it cannot be treated as income from other sources merely on suspicion. Exemption under section 54F is available for proved investment in a residential house, including an incomplete structure and subsequent construction, without requiring registered conveyance. Share-sale loss is allowable where transfer forms, certificates, company records, broker evidence and banking trail establish the transaction despite related-party concerns or deferred payment. Interest expenditure is deductible under section 57(iii) where borrowings have a direct nexus with interest-earning advances or investments. Case-Laws Income Tax Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432042