No Capital Gain Tax on Compensation on surrender of tenancy right prior to 1-4-1995

HIGH COURT OF MADRAS Commissioner of Income-tax, Chennai v. Amal Generators Ltd. TAX CASE (APPEAL) NO. 1199 OF 2005 Date of Pronouncement – JUNE, 19, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. – The Revenue is on appeal as against the order of the Tribunal raising the following substantial questions of law:  1.  Whether on the facts and in the circumstances of the case the Tribunal was right in holding the question of whether the receipt on account of surrender of tenancy rights could be taxed as capital gains cannot be looked at by them?  2.  Whether on the fa...