https://www.taxtmi.com/caselaws?id=206936 The Tribunal upheld the CIT(A)'s decision to delete the addition of misc. income by the Revenue for the assessment year 2007-08. The Tribunal found that the receipts in question were of capital nature, following precedents set by the Hon'ble Supreme Court and the Hon'ble Delhi High Court. As the receipts were directly linked to the construction work of the company and were not fully operational business income, they were deemed non-taxable. Consequently, the Revenue's appeal was dismissed, affirming the deletion of the addition of misc. income by the CIT(A). en-us Wed, 14 Sep 2011 00:00:00 +0530 Tue, 15 Nov 2011 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206936 The Tribunal upheld the CIT(A)'s decision to delete the addition of misc. income by the Revenue for the assessment year 2007-08. The Tribunal found that the receipts in question were of capital nature, following precedents set by the Hon'ble Supreme Court and the Hon'ble Delhi High Court. As the receipts were directly linked to the construction work of the company and were not fully operational business income, they were deemed non-taxable. Consequently, the Revenue's appeal was dismissed, affirming the deletion of the addition of misc. income by the CIT(A). Case-Laws Income Tax Wed, 14 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206936