Surrender of tenancy right is assessable as capital gain

IN THE ITAT MUMBAI BENCH ‘F’ Smt. Maharukh Murad Oomrigar v/s. Income-tax Officer, Ward 21(1)(3), Mumbai IT APPEAL NO. 3144 (MUM.) OF 2010 [ASSESSMENT YEAR 2006-07] JUNE 8, 2012 ORDER Vijay Pal Rao, Judicial Member This appeal by the assessee is directed against the order dated 4.12.2009 of the Commissioner of Income Tax (Appeals) for the Assessment Year 2006-07. 2. There is a delay of 37 days in filing the present appeal by the assessee. The assessee has filed a petition for condonation of delay along with an affidavit stating that the assessee was out of India an...