https://www.taxtmi.com/caselaws?id=755053 ITAT Chennai held that compensation received for transferring rights under a sale deed constitutes income from other sources, not capital gains. The tribunal confirmed the AO's assessment approach and dismissed this ground. For notional rent computation, ITAT directed adoption of Rs. 2.01 lakhs rate previously applied to assessee's husband, partly allowing this ground. Interest income addition was confirmed as the assessee failed to provide evidence supporting clubbing provisions under section 64(1)(iv). Chapter VIA deduction claim was rejected due to lack of supporting evidence. The assessee's appeal was partly allowed. en-us Fri, 29 Dec 2023 00:00:00 +0530 Wed, 03 Jul 2024 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755053 ITAT Chennai held that compensation received for transferring rights under a sale deed constitutes income from other sources, not capital gains. The tribunal confirmed the AO's assessment approach and dismissed this ground. For notional rent computation, ITAT directed adoption of Rs. 2.01 lakhs rate previously applied to assessee's husband, partly allowing this ground. Interest income addition was confirmed as the assessee failed to provide evidence supporting clubbing provisions under section 64(1)(iv). Chapter VIA deduction claim was rejected due to lack of supporting evidence. The assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 29 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755053