https://www.taxtmi.com/caselaws?id=58431 The appeal was partly allowed by the Tribunal. The Tribunal held that no capital gains tax was applicable on the amount received for the transfer of tenancy rights and goodwill as they were self-generated assets. The deduction claimed for damages was disallowed as the liability had not accrued during the relevant year. The payment made to vacate unauthorized occupants was deemed a capital expenditure for improving the land's value and was disallowed. The Tribunal modified the assessment accordingly based on the specific facts and legal principles of each issue. en-us Mon, 14 Apr 1980 00:00:00 +0530 Mon, 20 Dec 2010 10:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58431 The appeal was partly allowed by the Tribunal. The Tribunal held that no capital gains tax was applicable on the amount received for the transfer of tenancy rights and goodwill as they were self-generated assets. The deduction claimed for damages was disallowed as the liability had not accrued during the relevant year. The payment made to vacate unauthorized occupants was deemed a capital expenditure for improving the land's value and was disallowed. The Tribunal modified the assessment accordingly based on the specific facts and legal principles of each issue. Case-Laws Income Tax Mon, 14 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58431