https://www.taxtmi.com/caselaws?id=345849 The High Court dismissed the Tax Case Appeal, affirming that the sum received by the Assessee was debatable as a capital or revenue receipt. The court found no deliberate concealment, invalidating the penalty under Section 271(1)(c) of the IT Act. The court also ruled that the questions raised by the Revenue were not substantial questions of law, leading to the appeal's dismissal. en-us Thu, 20 Jul 2017 00:00:00 +0530 Wed, 30 Aug 2017 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345849 The High Court dismissed the Tax Case Appeal, affirming that the sum received by the Assessee was debatable as a capital or revenue receipt. The court found no deliberate concealment, invalidating the penalty under Section 271(1)(c) of the IT Act. The court also ruled that the questions raised by the Revenue were not substantial questions of law, leading to the appeal's dismissal. Case-Laws Income Tax Thu, 20 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345849