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2017 (3) TMI 334 - AT - Income TaxIncentive from property broker on original booking of a residential flat in a Developers project - Nature of receipt - revenue or capital - Held that:- We find considerable cogency in the case law cited by the Ld. Counsel of the assessee of the Hon’ble Supreme Court of India in the case of CIT vs. Saurashtra Cement Ltd.(2010 (7) TMI 11 - SUPREME COURT ), has held that any receipt directly and intimately linked with the procurement of capital asset is in the nature of capital receipt and not a revenue receipt. - Decided in favour of assessee
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