1982 (11) TMI 42

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....(1) of the I.T. Act, 1961 (hereinafter referred to as "the Act"), the I.T. Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the sum of Rs. 37,048 received by the assessee as compensation was not liable to tax as a revenue receipt....

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....n of the assessee and the appeal preferred by the assessee was allowed. Aggrieved by this order, the Department preferred an appeal before the Tribunal. The Tribunal upheld the decision of the Commissioner (Appeals) holding that the assessee was permanently dispossessed of business and hence was paid a solatium. The Tribunal, therefore, dismissed the appeal. Hence, at the instance of the Departmen....