https://www.taxtmi.com/caselaws?id=209663 The tribunal ruled in favor of the appellant, deciding that the cash compensation received should not be considered taxable income but should be factored into reducing the cost of acquisition of the asset for future capital gains calculation. The judgment emphasized the non-taxability of capital receipts unless specifically provided for in the Income Tax Act, distinguishing them from revenue receipts. en-us Tue, 31 Jan 2012 00:00:00 +0530 Tue, 05 May 2026 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209663 The tribunal ruled in favor of the appellant, deciding that the cash compensation received should not be considered taxable income but should be factored into reducing the cost of acquisition of the asset for future capital gains calculation. The judgment emphasized the non-taxability of capital receipts unless specifically provided for in the Income Tax Act, distinguishing them from revenue receipts. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209663