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2018 (12) TMI 1757 - HC - Income TaxCessation of liability u/s 41 - Additions of the forfeited principal portion of settlement amount treating it as a revenue receipt and as income from business - HELD THAT:- Under these circumstances, since the earlier order of the Tribunal was followed in the assessee's case, we do not propose to take a different view. In terms of the earlier order passed by the Tribunal and as confirmed by this Court in M/S MANIPAL FINANCE CORPORATION LTD [2014 (10) TMI 706 - KARNATAKA HIGH COURT] the substantial questions of law are answered in favour of the assessee and against the Revenue.
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