Payment for relinquishment of fabricated tenancy rights could not be considered in computing capital gain

HIGH COURT OF GUJARAT L.M. Patel & B.M. Patel (HUF) Versus Commissioner of Income-tax Tax Appeal No. 112 of 2000† August 28, 2012 JUDGMENT Akil Kureshi, J  The assessee has filed this appeal challenging the legality of the judgment of Income-tax Appellate Tribunal (hereinafter to be referred to as “the Tribunal) dated 18.2.2000. At the time of admission of the appeal, the Court had formulated following questions for consideration: “(1) Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that payment of Rs. 15,00,000/...