https://www.taxtmi.com/caselaws?id=790244 A limited scrutiny objection failed because the capital-gain issue arose from the same immovable property transactions that formed the basis of the scrutiny for investment in immovable property. However, the addition as short-term capital gain on alleged surrender of tenancy rights was unsustainable where the redevelopment agreement postponed surrender until possession of the permanent alternate accommodation was handed over. Mere execution of the agreement or delivery of the old premises did not extinguish tenancy rights, and any taxable transfer would arise only on receipt of the alternate premises in the later financial year. The addition for the year under appeal was therefore deleted. en-us Fri, 17 Apr 2026 00:00:00 +0530 Fri, 22 May 2026 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790244 A limited scrutiny objection failed because the capital-gain issue arose from the same immovable property transactions that formed the basis of the scrutiny for investment in immovable property. However, the addition as short-term capital gain on alleged surrender of tenancy rights was unsustainable where the redevelopment agreement postponed surrender until possession of the permanent alternate accommodation was handed over. Mere execution of the agreement or delivery of the old premises did not extinguish tenancy rights, and any taxable transfer would arise only on receipt of the alternate premises in the later financial year. The addition for the year under appeal was therefore deleted. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790244