https://www.taxtmi.com/caselaws?id=62192 The Tribunal upheld the addition of Rs. 4,54,762 for the assessment year 1978-79, ruling that there was no double taxation. Additionally, the amount of Rs. 6,08,758 received under the arbitration award was deemed taxable as income related to the business, dismissing the argument that it was a capital receipt. The appeal was ultimately dismissed. en-us Mon, 19 Aug 1985 00:00:00 +0530 Tue, 18 Jan 2011 14:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62192 The Tribunal upheld the addition of Rs. 4,54,762 for the assessment year 1978-79, ruling that there was no double taxation. Additionally, the amount of Rs. 6,08,758 received under the arbitration award was deemed taxable as income related to the business, dismissing the argument that it was a capital receipt. The appeal was ultimately dismissed. Case-Laws Income Tax Mon, 19 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62192