https://www.taxtmi.com/caselaws?id=439244 The Tribunal dismissed the Revenue's appeal against the order of CIT(A)-3 New Delhi for AY 2015-16, concerning the addition of compensation received by the assessee from HUDA. The Tribunal upheld the CIT(A)'s decision, emphasizing that the collaboration agreement clearly demonstrated the transfer of rights to Orris Infrastructure P. Ltd. (OIPL) and the proper tax treatment of the compensation by OIPL. As OIPL had offered the compensation to tax, the Tribunal ruled in favor of the assessee, leading to the dismissal of the Revenue's appeal. en-us Fri, 16 Jun 2023 00:00:00 +0530 Tue, 20 Jun 2023 10:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439244 The Tribunal dismissed the Revenue's appeal against the order of CIT(A)-3 New Delhi for AY 2015-16, concerning the addition of compensation received by the assessee from HUDA. The Tribunal upheld the CIT(A)'s decision, emphasizing that the collaboration agreement clearly demonstrated the transfer of rights to Orris Infrastructure P. Ltd. (OIPL) and the proper tax treatment of the compensation by OIPL. As OIPL had offered the compensation to tax, the Tribunal ruled in favor of the assessee, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439244