https://www.taxtmi.com/caselaws?id=385954 The Tribunal held that the amount received from THEAL was part of the gross receipts, disqualifying the assessee from exemption under Section 10(23C)(iiiad) of the Income Tax Act. The Tribunal found the amount to be revenue from a profit-sharing joint venture, not a refundable security deposit. Consequently, the assessee was deemed ineligible for the exemption, and the Revenue's appeal was allowed, setting aside the CIT(A)'s order and restoring the Assessing Officer's decision. en-us Thu, 08 Aug 2019 00:00:00 +0530 Wed, 18 Sep 2019 09:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385954 The Tribunal held that the amount received from THEAL was part of the gross receipts, disqualifying the assessee from exemption under Section 10(23C)(iiiad) of the Income Tax Act. The Tribunal found the amount to be revenue from a profit-sharing joint venture, not a refundable security deposit. Consequently, the assessee was deemed ineligible for the exemption, and the Revenue's appeal was allowed, setting aside the CIT(A)'s order and restoring the Assessing Officer's decision. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385954