https://www.taxtmi.com/caselaws?id=69660 The Tribunal partially allowed the assessee's appeal, ruling that the incentive from the underwriter on TNPL shares was a capital receipt, not taxable income. However, it disallowed deductions for construction projects and contributions to the Tamil Nadu Basketball Association due to insufficient business nexus. The claim under section 80HHC was also denied, as the necessary details were not submitted. en-us Mon, 16 May 2005 00:00:00 +0530 Fri, 03 May 2024 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69660 The Tribunal partially allowed the assessee's appeal, ruling that the incentive from the underwriter on TNPL shares was a capital receipt, not taxable income. However, it disallowed deductions for construction projects and contributions to the Tamil Nadu Basketball Association due to insufficient business nexus. The claim under section 80HHC was also denied, as the necessary details were not submitted. Case-Laws Income Tax Mon, 16 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69660