Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
The Delhi High Court held that interest received on the principal amount deposited by the assessee following an auction sale cancellation is a capital receipt and not taxable. The amount was not compensation but a refund of the successful bidder's deposit. The interest is not revenue and falls outside the scope of Section 56(2)(viii) of the Act. The ITAT's decision was upheld, confirming the interest as a capital receipt exempt from tax.
The Delhi High Court held that interest received on the principal amount deposited by the assessee following an auction sale cancellation is a capital receipt and not taxable. The amount was not compensation but a refund of the successful bidder's deposit. The interest is not revenue and falls outside the scope of Section 56(2)(viii) of the Act. The ITAT's decision was upheld, confirming the interest as a capital receipt exempt from tax.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
