https://www.taxtmi.com/caselaws?id=183587 The appeal of the department was dismissed, and the order of the CIT(A) was upheld in both issues involved in the judgment. The mesne profits received were deemed capital in nature and not chargeable to tax, aligning with decisions of the Special Bench and the Hon'ble Bombay High Court. The addition of mesne profits to book profits under Section 115JB was deleted as the profits were considered capital in nature and not taxable under the said section. en-us Wed, 19 Jun 2013 00:00:00 +0530 Wed, 15 Jun 2016 11:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183587 The appeal of the department was dismissed, and the order of the CIT(A) was upheld in both issues involved in the judgment. The mesne profits received were deemed capital in nature and not chargeable to tax, aligning with decisions of the Special Bench and the Hon'ble Bombay High Court. The addition of mesne profits to book profits under Section 115JB was deleted as the profits were considered capital in nature and not taxable under the said section. Case-Laws Income Tax Wed, 19 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183587