https://www.taxtmi.com/caselaws?id=283200 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,10,856, concluding that the amount was a capital receipt and not taxable as income of the estate under Section 168. The Tribunal also clarified that Section 176(4) could not be invoked to include the amount in the estate's assessment and emphasized the need to assess such receipts in the hands of the recipient under the appropriate provision. The appeal by the Department was dismissed. en-us Mon, 07 Feb 2000 00:00:00 +0530 Thu, 12 Sep 2019 12:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283200 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,10,856, concluding that the amount was a capital receipt and not taxable as income of the estate under Section 168. The Tribunal also clarified that Section 176(4) could not be invoked to include the amount in the estate's assessment and emphasized the need to assess such receipts in the hands of the recipient under the appropriate provision. The appeal by the Department was dismissed. Case-Laws Income Tax Mon, 07 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283200