https://www.taxtmi.com/caselaws?id=330353 The Tribunal held that the premium received on the sale of Market Linked Focus Product Scheme scrips was a capital receipt, not taxable under sections 2(24) or 28 of the Income-tax Act. Consequently, the Tribunal allowed both appeals of the assessee, setting aside the lower authorities' orders and deleting the additions made by the Assessing Officer. en-us Tue, 17 May 2016 00:00:00 +0530 Sat, 23 Jul 2016 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330353 The Tribunal held that the premium received on the sale of Market Linked Focus Product Scheme scrips was a capital receipt, not taxable under sections 2(24) or 28 of the Income-tax Act. Consequently, the Tribunal allowed both appeals of the assessee, setting aside the lower authorities' orders and deleting the additions made by the Assessing Officer. Case-Laws Income Tax Tue, 17 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330353