https://www.taxtmi.com/caselaws?id=365888 The Tribunal upheld the decision of the ld. CIT(A) and dismissed the Revenue's appeal regarding the addition of awards received by the assessee to their income. The Tribunal relied on the CBDT Circular exempting such awards from taxation and the subsequent clarification by the Board, which approved tax exemption for awards received from government bodies. Consequently, the awards received by the assessee from various authorities were deemed non-taxable income, leading to the favorable outcome for the assessee. en-us Mon, 20 Aug 2018 00:00:00 +0530 Sat, 25 Aug 2018 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365888 The Tribunal upheld the decision of the ld. CIT(A) and dismissed the Revenue's appeal regarding the addition of awards received by the assessee to their income. The Tribunal relied on the CBDT Circular exempting such awards from taxation and the subsequent clarification by the Board, which approved tax exemption for awards received from government bodies. Consequently, the awards received by the assessee from various authorities were deemed non-taxable income, leading to the favorable outcome for the assessee. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365888