Assessbility of amount received for surrender of tenancy right – ...

Surrender of tenancy rights not taxable if Section 45 of Income Tax Act is inapplicable, says court ruling.

February 16, 2012

Case Laws Income Tax HC

Assessbility of amount received for surrender of tenancy right – Once Section 45 cannot be applied, it is not open to the Department to impose tax on such capital receipt by the assessee under any other section..... - HC

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Assessbility of amount received for surrender of tenancy right – ...

Surrender of tenancy rights not taxable if Section 45 of Income Tax Act is inapplicable, says court ruling.

February 16, 2012

Case Laws Income Tax HC

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