https://www.taxtmi.com/caselaws?id=69065 The appeal before ITAT Madras-A concerned the taxability of an amount received for surrendering leasehold rights by the assessee. The Tribunal upheld the CIT (Appeals) order, ruling that the amount was a capital receipt not chargeable to tax under section 45 of the IT Act, following the Supreme Court's decision in A. Gasper. The appeal was dismissed, affirming that the receipt in question was not taxable as capital gains, in accordance with the principles governing capital receipts under the IT Act. en-us Fri, 30 Jul 1993 00:00:00 +0530 Mon, 04 Apr 2011 18:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69065 The appeal before ITAT Madras-A concerned the taxability of an amount received for surrendering leasehold rights by the assessee. The Tribunal upheld the CIT (Appeals) order, ruling that the amount was a capital receipt not chargeable to tax under section 45 of the IT Act, following the Supreme Court's decision in A. Gasper. The appeal was dismissed, affirming that the receipt in question was not taxable as capital gains, in accordance with the principles governing capital receipts under the IT Act. Case-Laws Income Tax Fri, 30 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69065