Kerala HC: Online Publication of Interim Orders is Not Valid Service for Contempt Proceedings  ||  MP High Court: Criminal Record Alone Doesn't Attract Organised Crime Charge under BNS  ||  Allahabad HC: Insurance Company Cannot Challenge Welfare Scheme Compensation Through Writ  ||  Supreme Court Proposes Denying Fuel to Vehicles Without Valid Insurance  ||  Supreme Court: Media Can Report Court Proceedings Without Sharing Audio or Video Clips  ||  Supreme Court: Acquits Murder Convict Jailed for 22 Years, Points to Criminal Justice System Failure  ||  Supreme Court Directs Centre to Issue Environmental Compensation Norms under SWM Rules 2026  ||  Supreme Court: Employee Who Accepts Resignation Benefits Cannot Later Challenge its Acceptance  ||  Supreme Court: Breach of Contract is Not Cheating Unless Fraud Existed From the Outset  ||  Supreme Court: Specific Performance of an Agreement to Sell May be Denied After a Long Delay    

Acquisition of Tenancy Right Not Eligible for Capital Gain Exemption: ITAT - (01 May 2019)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the acquisition of the tenancy rights would not amount to purchase or construction of a new property and therefore, the capital gain exemptions under sections 54 and 54F of the Income Tax Act, 1961 is not available.

Tags : ITAT   ACQUISITION OF TENANCY RIGHT   CAPITAL GAIN EXEMPTION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved