https://www.taxtmi.com/caselaws?id=65513 The Tribunal upheld the CIT's jurisdiction under section 263, finding the AO's assessment order erroneous due to inadequate inquiry. However, it concluded that the Rs. 63.92 crores received by the assessee from Qualcomm was a capital receipt, not taxable as income. Consequently, the Tribunal directed the deletion of the addition made by the CIT, partially allowing the assessee's appeal. en-us Fri, 30 Dec 2005 00:00:00 +0530 Tue, 16 Apr 2024 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65513 The Tribunal upheld the CIT's jurisdiction under section 263, finding the AO's assessment order erroneous due to inadequate inquiry. However, it concluded that the Rs. 63.92 crores received by the assessee from Qualcomm was a capital receipt, not taxable as income. Consequently, the Tribunal directed the deletion of the addition made by the CIT, partially allowing the assessee's appeal. Case-Laws Income Tax Fri, 30 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65513