https://www.taxtmi.com/caselaws?id=260828 The tribunal allowed the appeal of the assessee, directing the deletion of the disputed addition of INR 2,11,38,400, as it was determined to be a capital receipt rather than a revenue receipt. The tribunal held that the refund of INR 21,138,400 was also a capital receipt due to the reduction in the purchase consideration, overturning the lower authorities' decision that it was a revenue receipt. en-us Fri, 20 Feb 2015 00:00:00 +0530 Wed, 19 Aug 2015 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260828 The tribunal allowed the appeal of the assessee, directing the deletion of the disputed addition of INR 2,11,38,400, as it was determined to be a capital receipt rather than a revenue receipt. The tribunal held that the refund of INR 21,138,400 was also a capital receipt due to the reduction in the purchase consideration, overturning the lower authorities' decision that it was a revenue receipt. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260828