https://www.taxtmi.com/highlights?id=14355 Nature of compensation received towards cancellation of share purchase agreement - Capital receipt (non taxable) or revenue receipt - failure to fulfill the terms of agreement - The compensation received for failure of such decision being taken in the course of carrying on its normal line of business was rightly held to be taxable receipt in the hands of the assessee - AT en-us Sat, 07 Sep 2013 12:19:18 +0530 Sat, 07 Sep 2013 12:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14355 Nature of compensation received towards cancellation of share purchase agreement - Capital receipt (non taxable) or revenue receipt - failure to fulfill the terms of agreement - The compensation received for failure of such decision being taken in the course of carrying on its normal line of business was rightly held to be taxable receipt in the hands of the assessee - AT Highlights Income Tax Sat, 07 Sep 2013 12:19:18 +0530 https://www.taxtmi.com/highlights?id=14355