https://www.taxtmi.com/caselaws?id=382023 The High Court remanded the case back to the Tribunal to decide on the taxability of certain receipts as capital receipts, emphasizing the need for a determination on this primary issue. The Court refrained from expressing an opinion on the matter, leaving all contentions open for further consideration. The appeal was disposed of without a definitive ruling on the taxability of the receipts, with the Tribunal's decision favoring the assessee's alternative contention regarding the benefit of accumulation of funds under Section 11(2) of the Income Tax Act, 1961. en-us Tue, 18 Jun 2019 00:00:00 +0530 Mon, 24 Jun 2019 07:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382023 The High Court remanded the case back to the Tribunal to decide on the taxability of certain receipts as capital receipts, emphasizing the need for a determination on this primary issue. The Court refrained from expressing an opinion on the matter, leaving all contentions open for further consideration. The appeal was disposed of without a definitive ruling on the taxability of the receipts, with the Tribunal's decision favoring the assessee's alternative contention regarding the benefit of accumulation of funds under Section 11(2) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382023