https://www.taxtmi.com/caselaws?id=55503 The tribunal upheld the CIT's decision that the amount received by the assessee was taxable as capital gains. The tribunal rejected the arguments of frustration of contract, damages for breach, and lack of cost of acquisition, confirming the taxability of the amount received. en-us Fri, 13 Oct 1989 00:00:00 +0530 Sat, 27 Nov 2010 13:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55503 The tribunal upheld the CIT's decision that the amount received by the assessee was taxable as capital gains. The tribunal rejected the arguments of frustration of contract, damages for breach, and lack of cost of acquisition, confirming the taxability of the amount received. Case-Laws Income Tax Fri, 13 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55503