https://www.taxtmi.com/caselaws?id=190900 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the amount in question was a 'Capital Receipt' and not chargeable to tax under Section 28(iv) of the Income-tax Act, 1961, based on the scheme of the Maharashtra Government. The Revenue's appeal was dismissed, affirming the decision of the CIT(A) in line with the precedent set by the Special Bench of the Tribunal. en-us Mon, 16 Sep 2013 00:00:00 +0530 Wed, 08 Mar 2017 17:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190900 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the amount in question was a 'Capital Receipt' and not chargeable to tax under Section 28(iv) of the Income-tax Act, 1961, based on the scheme of the Maharashtra Government. The Revenue's appeal was dismissed, affirming the decision of the CIT(A) in line with the precedent set by the Special Bench of the Tribunal. Case-Laws Income Tax Mon, 16 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190900