https://www.taxtmi.com/caselaws?id=786056 Mesne profits were held to be revenue receipts because they compensated the landlord for benefit derived by the tenant from overstaying on a monthtomonth tenancy after rent enhancement was denied; they were not damages to or restitution of a capital asset. The tribunal relied on the jurisdictional High Court precedent as binding and found inapplicability of alternate ITAT precedents cited by the assessee. On that basis the amount was taxable as revenue and the assessee's appeal against the addition was dismissed. en-us Fri, 16 Jan 2026 00:00:00 +0530 Mon, 02 Feb 2026 14:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786056 Mesne profits were held to be revenue receipts because they compensated the landlord for benefit derived by the tenant from overstaying on a monthtomonth tenancy after rent enhancement was denied; they were not damages to or restitution of a capital asset. The tribunal relied on the jurisdictional High Court precedent as binding and found inapplicability of alternate ITAT precedents cited by the assessee. On that basis the amount was taxable as revenue and the assessee's appeal against the addition was dismissed. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786056