https://www.taxtmi.com/caselaws?id=193440 The Tribunal upheld the lower authorities' decisions, classifying the compensation received by the assessees as a revenue receipt under the Income-tax Act, 1961. The compensation was deemed part of a business strategy and not for relinquishing a capital asset, making it taxable either as business income or income from other sources. The Tribunal emphasized that the compensation was not related to a breach of agreement but was part of an organized plan to enhance the value of the assessees' investments. en-us Thu, 20 Dec 2012 00:00:00 +0530 Tue, 12 Jun 2018 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193440 The Tribunal upheld the lower authorities' decisions, classifying the compensation received by the assessees as a revenue receipt under the Income-tax Act, 1961. The compensation was deemed part of a business strategy and not for relinquishing a capital asset, making it taxable either as business income or income from other sources. The Tribunal emphasized that the compensation was not related to a breach of agreement but was part of an organized plan to enhance the value of the assessees' investments. Case-Laws Income Tax Thu, 20 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193440