https://www.taxtmi.com/caselaws?id=400210 The appeal of the assessee was dismissed, and the addition of Rs. 1,33,97,073/- as revenue receipt was upheld. The Tribunal determined that the amount constituted revenue receipt rather than capital receipt, as it was intended for revenue expenses and was not converted into equity shares. The Tribunal found the case laws cited by the appellant to be inapplicable due to differing facts and circumstances. en-us Thu, 30 Jul 2020 00:00:00 +0530 Sat, 31 Oct 2020 11:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400210 The appeal of the assessee was dismissed, and the addition of Rs. 1,33,97,073/- as revenue receipt was upheld. The Tribunal determined that the amount constituted revenue receipt rather than capital receipt, as it was intended for revenue expenses and was not converted into equity shares. The Tribunal found the case laws cited by the appellant to be inapplicable due to differing facts and circumstances. Case-Laws Income Tax Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400210