Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2001 (12) TMI 26 - DELHI HIGH COURT
Extract:
.......ociation with the disposal of a capital asset and thus the receipt in our opinion should be treated as a revenue receipt. For the reasons aforementioned, we are of the opinion that the question sent to this court for its opinion by the Income-tax Appellate Tribunal must be answered in the negative, in favour of the Revenue and against the assessee.