https://www.taxtmi.com/caselaws?id=468113 Monetary compensation received under a housing society redevelopment agreement for displacement, relocation hardship and rehabilitation was treated as a capital receipt rather than income from other sources. The Tribunal applied its earlier coordinate bench rulings on identical redevelopment facts, holding that such payments compensate the loss and inconvenience arising from surrendering possession and shifting, and are not revenue in character. On that basis, the receipt was held not taxable under the head income from other sources, and the related addition was directed to be deleted. en-us Wed, 24 Jul 2024 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468113 Monetary compensation received under a housing society redevelopment agreement for displacement, relocation hardship and rehabilitation was treated as a capital receipt rather than income from other sources. The Tribunal applied its earlier coordinate bench rulings on identical redevelopment facts, holding that such payments compensate the loss and inconvenience arising from surrendering possession and shifting, and are not revenue in character. On that basis, the receipt was held not taxable under the head income from other sources, and the related addition was directed to be deleted. Case-Laws Income Tax Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468113