https://www.taxtmi.com/caselaws?id=448200 ITAT Mumbai held that shifting compensation received by an assessee from a developer under a redevelopment agreement constitutes a capital receipt, not income from other sources. The compensation covered shifting expenses, temporary accommodation costs, and corpus amount during construction. The tribunal determined this payment compensated for hardship faced by the assessee rather than generating income. Following precedent in Smt Delilah Raj Mansukhani, the addition made by AO was deleted and the assessee's ground was allowed. en-us Wed, 01 Nov 2023 00:00:00 +0530 Sat, 13 Jan 2024 08:36:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448200 ITAT Mumbai held that shifting compensation received by an assessee from a developer under a redevelopment agreement constitutes a capital receipt, not income from other sources. The compensation covered shifting expenses, temporary accommodation costs, and corpus amount during construction. The tribunal determined this payment compensated for hardship faced by the assessee rather than generating income. Following precedent in Smt Delilah Raj Mansukhani, the addition made by AO was deleted and the assessee's ground was allowed. Case-Laws Income Tax Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448200