https://www.taxtmi.com/caselaws?id=790465 Compensation received under the Real Estate (Regulation and Development) Act, 2016 for delay or failure in performance was linked to the assessee's capital asset and the rights arising from the booking and instalment payments. Because extinguishment of those rights can amount to a transfer under section 2(47)(ii) of the Income-tax Act, 1961, the receipt was treated as consideration connected with a capital asset rather than a mere interest-like payment. It was therefore assessed as long-term capital gains and not as income from other sources under section 56. en-us Mon, 06 Apr 2026 00:00:00 +0530 Sat, 25 Apr 2026 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790465 Compensation received under the Real Estate (Regulation and Development) Act, 2016 for delay or failure in performance was linked to the assessee's capital asset and the rights arising from the booking and instalment payments. Because extinguishment of those rights can amount to a transfer under section 2(47)(ii) of the Income-tax Act, 1961, the receipt was treated as consideration connected with a capital asset rather than a mere interest-like payment. It was therefore assessed as long-term capital gains and not as income from other sources under section 56. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790465