https://www.taxtmi.com/caselaws?id=191759 The ITAT ruled in favor of the assessee, upholding the treatment of receipts as capital receipts not liable to tax. The appeal by the revenue regarding the deletion of an addition and the treatment of receipts from a bank tenant as mesne profit/damages not taxable was dismissed. The ITAT relied on legal precedents and interpretations, affirming that mesne profits constitute capital receipts not chargeable to tax under the Income-tax Act, 1961. en-us Fri, 05 Apr 2013 00:00:00 +0530 Tue, 18 Apr 2017 17:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191759 The ITAT ruled in favor of the assessee, upholding the treatment of receipts as capital receipts not liable to tax. The appeal by the revenue regarding the deletion of an addition and the treatment of receipts from a bank tenant as mesne profit/damages not taxable was dismissed. The ITAT relied on legal precedents and interpretations, affirming that mesne profits constitute capital receipts not chargeable to tax under the Income-tax Act, 1961. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191759