https://www.taxtmi.com/caselaws?id=464173 The Tribunal's appellate powers under section 254 were treated as wide enough to admit a fresh pure question of law arising from facts already on record, even though the claim had not been raised before the lower authorities or in the return. The compensation received on withdrawal of a mere right to sue was then treated as a capital receipt, because such a right is not transferable property and does not amount to a capital asset. Settlement monies paid only for surrendering litigation claims were therefore held outside the charge to tax. en-us Tue, 18 Feb 2025 00:00:00 +0530 Wed, 08 Oct 2025 12:46:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464173 The Tribunal's appellate powers under section 254 were treated as wide enough to admit a fresh pure question of law arising from facts already on record, even though the claim had not been raised before the lower authorities or in the return. The compensation received on withdrawal of a mere right to sue was then treated as a capital receipt, because such a right is not transferable property and does not amount to a capital asset. Settlement monies paid only for surrendering litigation claims were therefore held outside the charge to tax. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464173