https://www.taxtmi.com/caselaws?id=437252 ITAT Mumbai held that amounts received from the builder as compensation for alternate accommodation during redevelopment are capital receipts. Although the assessee did not utilize the funds for accommodation and stayed with family, the tribunal found the payment represents compensation for hardship arising from vacating the flat and not taxable revenue. The assessing officer's addition treating the receipt as income from other sources was deleted and the assessee's ground was allowed. en-us Mon, 03 Apr 2023 00:00:00 +0530 Tue, 14 Oct 2025 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437252 ITAT Mumbai held that amounts received from the builder as compensation for alternate accommodation during redevelopment are capital receipts. Although the assessee did not utilize the funds for accommodation and stayed with family, the tribunal found the payment represents compensation for hardship arising from vacating the flat and not taxable revenue. The assessing officer's addition treating the receipt as income from other sources was deleted and the assessee's ground was allowed. Case-Laws Income Tax Mon, 03 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437252