THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS
ITA/46/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
182 ITR 107 (Ker.) In
all these decisions, the several High Courts held that if the cost of acquisition of
tenancy rights cannot be determined, the consideration received by reason of
surrender of such tenancy rights could not be subjected to capital gains tax.
(10) According to a circular issued by the Central Board of Direct Taxes (Circular
