https://www.taxtmi.com/caselaws?id=57439 The Tribunal allowed the assessee's appeal and dismissed the revenue's appeal. It held that the Rs. 45 lakhs received by the assessee was a capital receipt not subject to capital gains tax. Additionally, the commission payment was not disallowable under section 37(3A), and the disallowance under section 43B did not apply if payments were made within the statutory time limits. en-us Thu, 23 Mar 1989 00:00:00 +0530 Fri, 10 Dec 2010 11:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57439 The Tribunal allowed the assessee's appeal and dismissed the revenue's appeal. It held that the Rs. 45 lakhs received by the assessee was a capital receipt not subject to capital gains tax. Additionally, the commission payment was not disallowable under section 37(3A), and the disallowance under section 43B did not apply if payments were made within the statutory time limits. Case-Laws Income Tax Thu, 23 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57439