https://www.taxtmi.com/highlights?id=26477 Nature of interest received - revenue receipt or capital receipt - compensation for breach of contract relating to capital assets - Merely because the tax has been deducted by the builder and recorded it in his books of account as revenue expenditure, the same cannot be treated as revenue receipt. - AT en-us Fri, 18 Dec 2015 12:38:52 +0530 Fri, 18 Dec 2015 12:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26477 Nature of interest received - revenue receipt or capital receipt - compensation for breach of contract relating to capital assets - Merely because the tax has been deducted by the builder and recorded it in his books of account as revenue expenditure, the same cannot be treated as revenue receipt. - AT Highlights Income Tax Fri, 18 Dec 2015 12:38:52 +0530 https://www.taxtmi.com/highlights?id=26477