https://www.taxtmi.com/caselaws?id=792115 Compensation received under a settlement for withdrawing pending suits, claims and litigation, where the assessee had only a mere right to sue and no subsisting transferable right in the property, was treated as a capital receipt and not as capital gains or business income. The tribunal noted that compensation for sterilisation of a profit-making apparatus is capital in nature and that the amendment to section 28(ii)(e) operates prospectively from assessment year 2019-20. The protective addition was also deleted because the balance settlement amount belonged to other co-venturers who had received and accounted for their shares, not to the assessee. en-us Fri, 27 Feb 2026 00:00:00 +0530 Sat, 23 May 2026 08:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792115 Compensation received under a settlement for withdrawing pending suits, claims and litigation, where the assessee had only a mere right to sue and no subsisting transferable right in the property, was treated as a capital receipt and not as capital gains or business income. The tribunal noted that compensation for sterilisation of a profit-making apparatus is capital in nature and that the amendment to section 28(ii)(e) operates prospectively from assessment year 2019-20. The protective addition was also deleted because the balance settlement amount belonged to other co-venturers who had received and accounted for their shares, not to the assessee. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792115