https://www.taxtmi.com/caselaws?id=285265 The Court ruled in favor of the appellant, a non-banking financial institution, regarding the treatment of forfeited principal portion of a settlement amount as revenue receipt and income from business under Section 143(3) of the Income Tax Act, 1961. The Tribunal's decision, consistent with earlier orders and confirmed by the Court, answered substantial questions of law in favor of the appellant and against the Revenue. Despite various appeals and dismissals, the Court upheld its decision based on previous judgments, resulting in the disposal of the appeal in favor of the appellant. en-us Mon, 10 Dec 2018 00:00:00 +0530 Sat, 27 Nov 2021 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285265 The Court ruled in favor of the appellant, a non-banking financial institution, regarding the treatment of forfeited principal portion of a settlement amount as revenue receipt and income from business under Section 143(3) of the Income Tax Act, 1961. The Tribunal's decision, consistent with earlier orders and confirmed by the Court, answered substantial questions of law in favor of the appellant and against the Revenue. Despite various appeals and dismissals, the Court upheld its decision based on previous judgments, resulting in the disposal of the appeal in favor of the appellant. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285265