https://www.taxtmi.com/caselaws?id=285268 The court resolved the issue in favor of the non-banking financial company, holding that the waiver of the principal component of deposits and debentures should be treated as capital receipts not liable to tax. The appeals were disposed of based on the judgment in a connected appeal, with the substantial question of law decided in favor of the assessee. This decision provided clarity on the treatment of such waivers as taxable revenue receipts, bringing an end to the dispute raised in the case. en-us Mon, 10 Dec 2018 00:00:00 +0530 Sun, 05 Jan 2020 21:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285268 The court resolved the issue in favor of the non-banking financial company, holding that the waiver of the principal component of deposits and debentures should be treated as capital receipts not liable to tax. The appeals were disposed of based on the judgment in a connected appeal, with the substantial question of law decided in favor of the assessee. This decision provided clarity on the treatment of such waivers as taxable revenue receipts, bringing an end to the dispute raised in the case. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285268