https://www.taxtmi.com/caselaws?id=58926 The Tribunal held that the amount received for surrendering statutory tenancy rights is taxable income under the Income-tax Act. The sum of Rs. 1,39,95,000 was deemed as income for the assessment year 1990-91. The Tribunal dismissed the assessee's appeal but directed a fresh inquiry for interveners to determine if they had the right to transfer tenancy rights, which could potentially classify the receipts as capital gains exempt from tax. The appeals of the interveners were allowed for statistical purposes. en-us Fri, 15 Sep 1995 00:00:00 +0530 Sat, 14 Nov 2015 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58926 The Tribunal held that the amount received for surrendering statutory tenancy rights is taxable income under the Income-tax Act. The sum of Rs. 1,39,95,000 was deemed as income for the assessment year 1990-91. The Tribunal dismissed the assessee's appeal but directed a fresh inquiry for interveners to determine if they had the right to transfer tenancy rights, which could potentially classify the receipts as capital gains exempt from tax. The appeals of the interveners were allowed for statistical purposes. Case-Laws Income Tax Fri, 15 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58926