Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1973 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1973 (4) TMI 33 - HC - Income TaxAmounts received by the assessee was compensation for the destruction of capital asset, i.e., the right to levy excise duty in his jagir - Whether, Tribunal was right in holding that the sum of Rs. 62,204 received by the assessee in 1958 was a capital receipt not liable to tax ? " - The answer to the question, therefore, is that on the facts and in the circumstances of the case the Income-tax Appellate Tribunal was right, in holding that the sum of Rs. 62,204 received by the assessee in 1958 was a capital receipt not liable to tax
|