https://www.taxtmi.com/caselaws?id=369782 The Tribunal held that the amount received by the assessee over the advance was a capital receipt, not interest, and therefore not taxable as capital gains. The addition of notional interest by the AO was deemed unjustified, as the settlement was to avoid prolonged litigation and not a voluntary waiver of income. The revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Mon, 29 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369782 The Tribunal held that the amount received by the assessee over the advance was a capital receipt, not interest, and therefore not taxable as capital gains. The addition of notional interest by the AO was deemed unjustified, as the settlement was to avoid prolonged litigation and not a voluntary waiver of income. The revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369782