2018 (12) TMI 990

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....h i/by Mr. Atul Jasani for the Respondent.   P.C.: 1. Revenue has challenged the judgment of Income Tax Appellate Tribunal ("the Tribunal" for short) dated 12th August, 2015. 2. Following question was presented before us for our consideration: "Whether on the facts and in the circumstances of the case and in law, the Hon'ble ITAT was correct in cancelling the assessment order ....

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....for the compensation of Rs. 3,00,000/per annum. The receipt was shown as business income since the Assessment Year 2000-2001. In the said year, the assessment had taken place and the assessee's claim was accepted by the Department. Once again in the Assessment Year 20012002 the assessee had offered the receipt as business income, which was also accepted under scrutiny assessment. Notice for....