Nature of receipt - the compensation received by the appellant ...

Appellant's Compensation for Contract Breach in Mantri Chambers Classified as Revenue Receipt by AO, Not Capital Gains.

June 3, 2017

Case Laws Income Tax AT

Nature of receipt - the compensation received by the appellant is purely for non fulfillment of contractual obligations with regard to purchase of built up area in “Mantri Chambers - AO has correctly treated the receipts as revenue receipt and has in no way treated the same as income on account of capital gains - AT

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Nature of receipt - the compensation received by the appellant ...

Appellant's Compensation for Contract Breach in Mantri Chambers Classified as Revenue Receipt by AO, Not Capital Gains.

June 3, 2017

Case Laws Income Tax AT

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