https://www.taxtmi.com/caselaws?id=56158 The Tribunal upheld the CIT(A)'s decision that the sum of Rs. 15 lacs received for relinquishing tenancy rights was taxable as a capital receipt. The Tribunal rejected the assessee's argument that there was no cost of acquisition for the tenancy rights and confirmed that the differential interest paid over the years should be considered as the cost of acquisition. The appeal was dismissed, directing the Assessing Officer to determine the cost of acquisition based on the discounted value of the differential interest. en-us Fri, 05 Jul 1996 00:00:00 +0530 Thu, 02 Dec 2010 09:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56158 The Tribunal upheld the CIT(A)'s decision that the sum of Rs. 15 lacs received for relinquishing tenancy rights was taxable as a capital receipt. The Tribunal rejected the assessee's argument that there was no cost of acquisition for the tenancy rights and confirmed that the differential interest paid over the years should be considered as the cost of acquisition. The appeal was dismissed, directing the Assessing Officer to determine the cost of acquisition based on the discounted value of the differential interest. Case-Laws Income Tax Fri, 05 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56158