{
  "id": 9294331,
  "title": "Got 2 flats worth Rs 1.38cr for tenancy rights; taxman sent notice, what ITAT said",
  "url": "https://urgent.news/2026/09/23/got-2-flats-worth-rs-1-38cr-for-tenancy-rights-taxman-sent-notice",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-09-23T07:05:03.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/he-surrendered-tenancy-rights-for-redevelopment-and-got-2-flats-worth-rs-1-38-crore-taxman-added-it-as-income-why-itat-mumbai-gave-him-relief/articleshow/134428280.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}