https://www.taxtmi.com/caselaws?id=755053 A receipt described in a deed of nomination as compensation for transferring accrued rights was treated as a separate, severable payment from the stated sale consideration and was assessed as income from other sources, not long-term capital gains. The notional rent for the specified units was retained only after reduction on the basis adopted in the assessee's husband's connected case, resulting in partial relief on that issue. The addition for interest income and the claim for Chapter VI-A deduction were sustained because no supporting evidence showed prior accounting of the income or substantiation of the deduction claim. The appeal succeeded only to the limited extent of the revised notional rent. 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 A receipt described in a deed of nomination as compensation for transferring accrued rights was treated as a separate, severable payment from the stated sale consideration and was assessed as income from other sources, not long-term capital gains. The notional rent for the specified units was retained only after reduction on the basis adopted in the assessee's husband's connected case, resulting in partial relief on that issue. The addition for interest income and the claim for Chapter VI-A deduction were sustained because no supporting evidence showed prior accounting of the income or substantiation of the deduction claim. The appeal succeeded only to the limited extent of the revised notional rent. Case-Laws Income Tax Fri, 29 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755053