Surrender of tenancy rights, taxable as capital gains; not other sources

Gains derived on surrender of tenancy rights would be taxable as capital gains and not as income from other sources — IT : A tenancy right is a capital assets and its surrender would attract section 45 and, gains derived would be assessable under head ‘capital gains’ and not under any other head : [2015] 58 taxmann.com 49 (Gujarat)

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