https://www.taxtmi.com/caselaws?id=772777 ITAT Mumbai held that amount received by assessee under settlement agreement with joint venture parties was capital receipt, not taxable under Section 28(ii)(e) or 28(va)(a). The tribunal found no evidence of contract termination or compensation for business restrictions. Settlement arose from assessee's suit in Delhi HC to prevent parties from detrimental business activities. Payment was for not exercising right to sue, constituting capital receipt rather than revenue compensation. en-us Fri, 23 May 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772777 ITAT Mumbai held that amount received by assessee under settlement agreement with joint venture parties was capital receipt, not taxable under Section 28(ii)(e) or 28(va)(a). The tribunal found no evidence of contract termination or compensation for business restrictions. Settlement arose from assessee's suit in Delhi HC to prevent parties from detrimental business activities. Payment was for not exercising right to sue, constituting capital receipt rather than revenue compensation. Case-Laws Income Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772777