https://www.taxtmi.com/caselaws?id=248876 The Tribunal concluded that the release of the bank guarantee by the Government constitutes a revenue receipt chargeable to tax. The Tribunal directed the AO to verify if any land allotment cost was charged in the books and allowed the claim if no such expenditure was recorded. The final decision was to partly allow the revenue appeals for statistical purposes. en-us Fri, 06 Jun 2014 00:00:00 +0530 Fri, 27 Jun 2014 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248876 The Tribunal concluded that the release of the bank guarantee by the Government constitutes a revenue receipt chargeable to tax. The Tribunal directed the AO to verify if any land allotment cost was charged in the books and allowed the claim if no such expenditure was recorded. The final decision was to partly allow the revenue appeals for statistical purposes. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248876