https://www.taxtmi.com/caselaws?id=178381 The Tribunal held that the amount received on account of forfeiture of shares should be treated as a capital receipt, affirming the CIT(A)'s decision. However, the Tribunal reversed the CIT(A)'s ruling on the timeliness of the notice issued under section 148, allowing the Revenue's appeal on this point. The appeal was partially allowed. en-us Fri, 20 Apr 2012 00:00:00 +0530 Thu, 22 Jun 2017 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178381 The Tribunal held that the amount received on account of forfeiture of shares should be treated as a capital receipt, affirming the CIT(A)'s decision. However, the Tribunal reversed the CIT(A)'s ruling on the timeliness of the notice issued under section 148, allowing the Revenue's appeal on this point. The appeal was partially allowed. Case-Laws Income Tax Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178381