https://www.taxtmi.com/caselaws?id=343226 The Tribunal upheld the CIT(A)'s decision, ruling that the forfeited amount of Rs. 12.40 crores from share warrants was a capital receipt and not taxable as revenue income. The Tribunal emphasized that the amount was part of the capital structure and related to the fixed capital of the company, citing judicial precedents to support that capital receipts are not taxable as income. The appeal filed by the Revenue was dismissed, with the burden of proving the revenue nature of the receipt not being discharged. en-us Fri, 03 Mar 2017 00:00:00 +0530 Mon, 22 May 2017 07:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343226 The Tribunal upheld the CIT(A)'s decision, ruling that the forfeited amount of Rs. 12.40 crores from share warrants was a capital receipt and not taxable as revenue income. The Tribunal emphasized that the amount was part of the capital structure and related to the fixed capital of the company, citing judicial precedents to support that capital receipts are not taxable as income. The appeal filed by the Revenue was dismissed, with the burden of proving the revenue nature of the receipt not being discharged. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343226