https://www.taxtmi.com/caselaws?id=58717 The Supreme Court upheld the decision that no capital gains tax is exigible on the surrender of self-generated tenancy rights. The Appellate Tribunal affirmed this ruling, emphasizing the absence of a monetary cost to the assessee for the tenancy right. Regarding the assessment year for capital gains on the sale of premises at Oyster Apartments, the Appellate Tribunal upheld the Commissioner (Appeals) decision that the transfer was completed in the subsequent year after fulfilling necessary approvals, rejecting the department's argument based on a different case. en-us Wed, 20 May 1981 00:00:00 +0530 Tue, 21 Dec 2010 16:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58717 The Supreme Court upheld the decision that no capital gains tax is exigible on the surrender of self-generated tenancy rights. The Appellate Tribunal affirmed this ruling, emphasizing the absence of a monetary cost to the assessee for the tenancy right. Regarding the assessment year for capital gains on the sale of premises at Oyster Apartments, the Appellate Tribunal upheld the Commissioner (Appeals) decision that the transfer was completed in the subsequent year after fulfilling necessary approvals, rejecting the department's argument based on a different case. Case-Laws Income Tax Wed, 20 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58717