The News Vista is dedicated to delivering accurate, timely, and unbiased news to keep our readers informed. We cover a wide range of topics including current affairs, politics, business, technology, and more.
He was a tenant in Mumbai in a housing society that was slated to undergo redevelopment. He received two flats in the redeveloped building in return for surrendering his tenancy rights. The tribunal ruled that a tax demand under Section 56(2)(x) could not be imposed on the individual merely because he received two flats in exchange for giving up his tenancy rights in the redevelopment project.
