Case Law Details
Case Name : Yogini Mohit Sahita Vs ITO (ITAT Mumbai)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Mumbai
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Yogini Mohit Sahita Vs ITO (ITAT Mumbai)
The issue under consideration is whether amount received on surrender of such tenancy/sub-tenancy rights would be taxable as capital gains?
In the instant case, Smt. Saraswati Vithaldas Sahita occupied the said flat at 2nd floor of the building known as Gangasagar on license basis. This is crystal clear from the ‘Consent Term’ before the Hon’ble Court of Small Causes at Mumbai, quoted at length earlier. After demise of Mrs. Saraswati Vithaldas Sahita, her son Shri Vidyut Sahita occupied the said flat with his family. The said building Gangasagar w...
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