https://www.taxtmi.com/highlights?id=74763 Nature of receipt - compensation for displacement in terms of re-development agreement as “Hardship Compensation” - surrender of flats by members pursuant to the re-development agreement - The ITAT considered the facts and legal arguments. It agreed with the appellant, concluding that the "Hardship Compensation" was a capital receipt and not revenue in nature. It referenced previous Tribunal decisions supporting this view. en-us Fri, 09 Feb 2024 07:21:03 +0530 Fri, 09 Feb 2024 07:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74763 Nature of receipt - compensation for displacement in terms of re-development agreement as “Hardship Compensation” - surrender of flats by members pursuant to the re-development agreement - The ITAT considered the facts and legal arguments. It agreed with the appellant, concluding that the "Hardship Compensation" was a capital receipt and not revenue in nature. It referenced previous Tribunal decisions supporting this view. Highlights Income Tax Fri, 09 Feb 2024 07:21:03 +0530 https://www.taxtmi.com/highlights?id=74763