Receipts on surrender of tenancy rights not taxable U/s 56(2)(x): ITAT Mumbai

Haresh Damji Shah Vs ITO (ITAT Mumbai) Addition Deleted as Section 56(2)(x) Found Inapplicable on Tenancy Surrender; Alternate Accommodation Treated as Capital Gains; All Additions Removed; Hardship and Relocation Payments Held Capital Receipts, Not Taxable; Entire Addition Set Aside as Joint Tenancy Ignored in Assessment;  Stamp Duty and Parking Additions Deleted as Developer-Borne Liabilities The appeal concerns the assessee’s challenge to the order of the CIT(A) dated 20 June 2025 relating to Assessment Year 2018-19. The assessee raised six grounds of appeal, disputing additions made und...