https://www.taxtmi.com/caselaws?id=64856 The Tribunal upheld the decision of the CIT(A) and the Assessing Officer, determining that the Rs. 4.25 crores received as compensation from DCM constituted a revenue receipt, thereby subject to taxation. The appellant's claim that the amount was a capital receipt was rejected. Consequently, the appeal was dismissed in full. en-us Thu, 03 Aug 2006 00:00:00 +0530 Thu, 29 Feb 2024 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64856 The Tribunal upheld the decision of the CIT(A) and the Assessing Officer, determining that the Rs. 4.25 crores received as compensation from DCM constituted a revenue receipt, thereby subject to taxation. The appellant's claim that the amount was a capital receipt was rejected. Consequently, the appeal was dismissed in full. Case-Laws Income Tax Thu, 03 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64856