https://www.taxtmi.com/caselaws?id=269883 The Court held that the receipt of compensation by the Assessee upon termination of the joint-venture agreement was a capital receipt but could not be taxed as capital gains due to the absence of provisions for determining the cost of acquisition of intangible assets at the relevant time. The Court ruled in favor of the Assessee, dismissing the appeal with no order as to costs. en-us Mon, 21 Dec 2015 00:00:00 +0530 Sat, 16 Jul 2016 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269883 The Court held that the receipt of compensation by the Assessee upon termination of the joint-venture agreement was a capital receipt but could not be taxed as capital gains due to the absence of provisions for determining the cost of acquisition of intangible assets at the relevant time. The Court ruled in favor of the Assessee, dismissing the appeal with no order as to costs. Case-Laws Income Tax Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269883