https://www.taxtmi.com/caselaws?id=792129 Tenancy rights are capital assets, and consideration received on their surrender is a capital receipt that falls within the capital gains scheme if chargeable at all. The Revenue cannot re-characterise such a receipt as income from other sources merely because the cost of acquisition is not accepted or cannot be satisfactorily established. A receipt arising from the transfer or extinguishment of a capital asset remains outside the residuary head under section 56, and the addition under income from other sources was deleted. en-us Thu, 30 Apr 2026 00:00:00 +0530 Fri, 22 May 2026 13:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792129 Tenancy rights are capital assets, and consideration received on their surrender is a capital receipt that falls within the capital gains scheme if chargeable at all. The Revenue cannot re-characterise such a receipt as income from other sources merely because the cost of acquisition is not accepted or cannot be satisfactorily established. A receipt arising from the transfer or extinguishment of a capital asset remains outside the residuary head under section 56, and the addition under income from other sources was deleted. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792129