2022 (3) TMI 149

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....or the Respondent : Ms. Ann Mary Baby, CIT ORDER PER MAHAVIR SINGH, VP: This appeal by the assessee is arising out of the order of the Commissioner of Income Tax (Appeals)-1, Coimbatore in ITA Appeal No.350/14-15 dated 30.01.2017. The Assessment was framed by DCIT, Corporate Circle -2, Coimbatore U/s 143(3) of the Income Tax Act, 1961 (hereinafter 'the Act') for the A.Y. 2012-13 vide orde....

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....Rs. 16,82,828/- by way of registration fee. The assessee claimed that the amount of Rs. 4,28,24,080/- should be excluded from the total business proceeds as the receipt is in the nature of capital and not revenue. The AO assessed the same as business income. Aggrieved, assessee preferred appeal before CIT(A) and the CIT(A) also confirmed the action of the AO. Aggrieved, assessee is in appeal befor....