https://www.taxtmi.com/caselaws?id=456739 ITAT Mumbai held that rent for alternate accommodation received by a non-resident assessee from a developer during property redevelopment constitutes capital receipt, not taxable income. Following precedent in Smt. Delilah Raj Mansukhani, the tribunal determined such payments are hardship allowances for displacement, not income from other sources. The assessee had already offered partial amount for taxation but disputed the full addition. ITAT directed deletion of the addition for alternate accommodation rent. Appeal allowed in favor of assessee. en-us Wed, 10 May 2023 00:00:00 +0530 Sat, 10 Aug 2024 19:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456739 ITAT Mumbai held that rent for alternate accommodation received by a non-resident assessee from a developer during property redevelopment constitutes capital receipt, not taxable income. Following precedent in Smt. Delilah Raj Mansukhani, the tribunal determined such payments are hardship allowances for displacement, not income from other sources. The assessee had already offered partial amount for taxation but disputed the full addition. ITAT directed deletion of the addition for alternate accommodation rent. Appeal allowed in favor of assessee. Case-Laws Income Tax Wed, 10 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456739