https://www.taxtmi.com/caselaws?id=60657 The Tribunal ruled in favor of the assessee regarding the taxability of compensation received, determining it as a capital receipt not taxable as income. The disallowance of traveling expenses was upheld due to insufficient details provided by the assessee. The deduction under section 80M for dividend income was allowed based on actual expenditure incurred, dismissing the revenue's appeal. The Tribunal deleted the addition of Rs. 1,27,78,112 but upheld the disallowance of Rs. 50,000 in traveling expenses. en-us Wed, 28 Feb 2001 00:00:00 +0530 Tue, 14 Feb 2017 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60657 The Tribunal ruled in favor of the assessee regarding the taxability of compensation received, determining it as a capital receipt not taxable as income. The disallowance of traveling expenses was upheld due to insufficient details provided by the assessee. The deduction under section 80M for dividend income was allowed based on actual expenditure incurred, dismissing the revenue's appeal. The Tribunal deleted the addition of Rs. 1,27,78,112 but upheld the disallowance of Rs. 50,000 in traveling expenses. Case-Laws Income Tax Wed, 28 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60657