https://www.taxtmi.com/caselaws?id=58584 The Appellate Tribunal held that the amount of Rs. 1,50,000 received by the appellant as compensation or damages was a capital receipt and not subject to capital gains tax. The Tribunal agreed with the appellant's argument that the amount was received for surrendering a right of occupation with an indeterminable cost, citing relevant case laws. The appeal was partly allowed on the issue of taxability of the compensation or damages, with other grounds raised in the appeal being dismissed. en-us Fri, 19 Sep 1986 00:00:00 +0530 Mon, 20 Dec 2010 17:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58584 The Appellate Tribunal held that the amount of Rs. 1,50,000 received by the appellant as compensation or damages was a capital receipt and not subject to capital gains tax. The Tribunal agreed with the appellant's argument that the amount was received for surrendering a right of occupation with an indeterminable cost, citing relevant case laws. The appeal was partly allowed on the issue of taxability of the compensation or damages, with other grounds raised in the appeal being dismissed. Case-Laws Income Tax Fri, 19 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58584