Mere consent for transfer of tenancy rights from old to new tenant by landlord is not transfer

IN THE ITAT MUMBAI BENCH ‘F’ Vinod V. Chhapia versus Income-tax Officer, Ward-21(2)(3), Mumbai IT Appeal No. 3178 (MUM.) of 2010 [ASSESSMENT YEAR 2006-07] NOVEMBER  21, 2012 ORDER D. KarunakaraRao, Accountant Member This appeal filed by the assessee on 23.4.2010 is directed against the order of CIT (A)-32, Mumbai dated 9.2.2010 for the assessment year 2006-2007. 2. In this appeal, assessee raised the following grounds read as under: “1. The Ld CIT (A) erred in confirming addition of Rs. 7,26,000/- being amount received for consenting to transfer of tenancy ...