https://www.taxtmi.com/caselaws?id=187678 The SC held that the issue regarding deductions under section 80-IB and whether the receipt is capital or revenue in nature is resolved against the Revenue. The Court relied on its prior decisions in Commissioner of Income Tax, Madras v. Ponni Sugars and Chemicals Ltd. and Commissioner of Income Tax v. M/s Meghalaya Steels Ltd., affirming that such receipts do not qualify for the claimed deductions. Consequently, the appeals were dismissed in favor of the assessee. en-us Tue, 19 Apr 2016 00:00:00 +0530 Wed, 22 Apr 2026 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187678 The SC held that the issue regarding deductions under section 80-IB and whether the receipt is capital or revenue in nature is resolved against the Revenue. The Court relied on its prior decisions in Commissioner of Income Tax, Madras v. Ponni Sugars and Chemicals Ltd. and Commissioner of Income Tax v. M/s Meghalaya Steels Ltd., affirming that such receipts do not qualify for the claimed deductions. Consequently, the appeals were dismissed in favor of the assessee. Case-Laws Income Tax Tue, 19 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187678