https://www.taxtmi.com/caselaws?id=255000 The appeal was partly allowed with the following outcomes: the validity of the notice under Section 148 and the levy of interest under Section 234B were answered against the appellant. However, the classification of compensation as a capital receipt was decided in favor of the appellant. The court ruled that the compensation amount should be deducted from the written down value of the assets. The miscellaneous petitions were disposed of with no order as to costs. en-us Thu, 11 Dec 2014 00:00:00 +0530 Tue, 06 Jan 2015 10:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255000 The appeal was partly allowed with the following outcomes: the validity of the notice under Section 148 and the levy of interest under Section 234B were answered against the appellant. However, the classification of compensation as a capital receipt was decided in favor of the appellant. The court ruled that the compensation amount should be deducted from the written down value of the assets. The miscellaneous petitions were disposed of with no order as to costs. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255000