https://www.taxtmi.com/caselaws?id=180456 The Tribunal allowed the appeal in part, ruling that the forfeiture of the security deposit was a capital receipt and not taxable as income. However, the damages received for premature termination were deemed taxable as revenue income. Disallowances on postage, telegram, telephone expenses, and motor car depreciation were upheld. The disallowance on repair expenses related to building maintenance was deleted, as it was deemed necessary upkeep and not capital expenditure. en-us Thu, 27 Aug 2009 00:00:00 +0530 Fri, 25 Mar 2016 12:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180456 The Tribunal allowed the appeal in part, ruling that the forfeiture of the security deposit was a capital receipt and not taxable as income. However, the damages received for premature termination were deemed taxable as revenue income. Disallowances on postage, telegram, telephone expenses, and motor car depreciation were upheld. The disallowance on repair expenses related to building maintenance was deleted, as it was deemed necessary upkeep and not capital expenditure. Case-Laws Income Tax Thu, 27 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180456