https://www.taxtmi.com/caselaws?id=175578 The Tribunal dismissed the assessee's appeal regarding the treatment of capital gains as income for the Assessment Year 2004-05. The assessee voluntarily declared the amount as capital gains and claimed a loss in the computation of income, which was accepted by the Assessing Officer. The Tribunal held that the compensation received for the loss of a source of income was not applicable in this case, as there was no disagreement or disallowance by the Assessing Officer regarding the capital gains. The appeal was dismissed based on the Assessing Officer's assessment of the income. en-us Wed, 21 Jul 2010 00:00:00 +0530 Fri, 27 Nov 2015 10:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175578 The Tribunal dismissed the assessee's appeal regarding the treatment of capital gains as income for the Assessment Year 2004-05. The assessee voluntarily declared the amount as capital gains and claimed a loss in the computation of income, which was accepted by the Assessing Officer. The Tribunal held that the compensation received for the loss of a source of income was not applicable in this case, as there was no disagreement or disallowance by the Assessing Officer regarding the capital gains. The appeal was dismissed based on the Assessing Officer's assessment of the income. Case-Laws Income Tax Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175578