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1997 (2) TMI 561 - ITAT MUMBAIExtract: .......NS). It did not, therefore, arise therefrom. The receipt in question cannot be construed to be of revenue nature. It was clearly a capital receipt. In view of this, the amount of ₹ 11 lakhs, being the compensation paid to the assessee to HCGL against a RESTRICTIVE COVENANT, is not exigible to tax. 36. In the result, the appeal stands allowed.
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