https://www.taxtmi.com/caselaws?id=278478 The appeal was dismissed, affirming the validity of the reassessment proceedings and the taxability of the Rs. 28,00,00,000 received under the arbitration award as "Income from other sources" under section 56(1) of the Income Tax Act. The court found that the principles of natural justice were adhered to and rejected the alternative claim of a family settlement due to insufficient evidence. en-us Mon, 02 Apr 2018 00:00:00 +0530 Wed, 06 Feb 2019 07:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278478 The appeal was dismissed, affirming the validity of the reassessment proceedings and the taxability of the Rs. 28,00,00,000 received under the arbitration award as "Income from other sources" under section 56(1) of the Income Tax Act. The court found that the principles of natural justice were adhered to and rejected the alternative claim of a family settlement due to insufficient evidence. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278478