https://www.taxtmi.com/caselaws?id=206383 The Tribunal ruled that the receipt of Rs. 48,64,490/- by the assessee was a revenue receipt and not a capital receipt. The decision was based on the fact that the receipt was for possible loss of future profits due to the agreement with Newell not coming into force, as the shares were not transferred. The Tribunal also held that the rule of consistency did not apply in this case, as there was no established precedent or consistent principle applied over the years. en-us Fri, 04 Mar 2011 00:00:00 +0530 Sun, 30 Oct 2011 21:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206383 The Tribunal ruled that the receipt of Rs. 48,64,490/- by the assessee was a revenue receipt and not a capital receipt. The decision was based on the fact that the receipt was for possible loss of future profits due to the agreement with Newell not coming into force, as the shares were not transferred. The Tribunal also held that the rule of consistency did not apply in this case, as there was no established precedent or consistent principle applied over the years. Case-Laws Income Tax Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206383