https://www.taxtmi.com/caselaws?id=57825 The Tribunal dismissed the appeal, ruling that the amount received was for surrendering tenancy rights and the construction costs incurred did not entitle the assessee to a deduction. The construction was deemed to be for the convenience of running the nursing home, not for acquiring new leasehold rights. The Tribunal held that the amount received was solely for surrendering tenancy rights and that the construction did not create any fresh rights in the leased premises. en-us Fri, 04 Mar 2005 00:00:00 +0530 Sat, 07 Jul 2012 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57825 The Tribunal dismissed the appeal, ruling that the amount received was for surrendering tenancy rights and the construction costs incurred did not entitle the assessee to a deduction. The construction was deemed to be for the convenience of running the nursing home, not for acquiring new leasehold rights. The Tribunal held that the amount received was solely for surrendering tenancy rights and that the construction did not create any fresh rights in the leased premises. Case-Laws Income Tax Fri, 04 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57825