https://www.taxtmi.com/highlights?id=67320 Nature of receipt - amount received by the assessee firm as a compensation for pre-closure of its BOT projects - Revenue or capital receipt - both the learned authorities have erred in law and on facts in invoking section 28(ii)(d) qua assessee’s impugned compensation thereby holding it as a revenue receipt. The assessee succeeds. - AT en-us Sat, 24 Dec 2022 15:02:29 +0530 Sat, 24 Dec 2022 15:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67320 Nature of receipt - amount received by the assessee firm as a compensation for pre-closure of its BOT projects - Revenue or capital receipt - both the learned authorities have erred in law and on facts in invoking section 28(ii)(d) qua assessee’s impugned compensation thereby holding it as a revenue receipt. The assessee succeeds. - AT Highlights Income Tax Sat, 24 Dec 2022 15:02:29 +0530 https://www.taxtmi.com/highlights?id=67320