https://www.taxtmi.com/caselaws?id=70587 The Tribunal partly allowed the assessee's appeal for the assessment year 1976-77 and dismissed the Revenue's appeal for the assessment year 1977-78. It held that the CIT (A) lacked jurisdiction to enhance income by declaring the agreements as sham. However, the Tribunal upheld the taxability of the Rs. 50,000 received under the second agreement, concluding that the amount was not for the sterilization of the source of income but rather part of exercising the source of income, making it taxable as revenue. en-us Wed, 22 Sep 1982 00:00:00 +0530 Mon, 18 Apr 2011 10:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70587 The Tribunal partly allowed the assessee's appeal for the assessment year 1976-77 and dismissed the Revenue's appeal for the assessment year 1977-78. It held that the CIT (A) lacked jurisdiction to enhance income by declaring the agreements as sham. However, the Tribunal upheld the taxability of the Rs. 50,000 received under the second agreement, concluding that the amount was not for the sterilization of the source of income but rather part of exercising the source of income, making it taxable as revenue. Case-Laws Income Tax Wed, 22 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70587