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2023 (7) TMI 415 - SC ORDERCharacterization of income - security deposit paid in lieu of lease agreement - in B/S shown as assets, as “receivables” - security deposit given by original assessee, was given to one entity which subsequently amalgamated with the assessee - concurrent nature of the findings - unforeseen circumstances as sealing of the premises on account of non-conforming user by directions of the Supreme Court through the Monitoring Committee, the premises could not be used - HC was un-persuaded with the argument that the amount could be treated as a revenue expenditure merely because it was paid in the course of a dispute. Clearly, the character of the amount was of a capital nature and remained so; all that the assessee did was to agree that it would not claim a refund out of ₹ 10.58 crores, agreeing to forgo ₹ 5.8 crores -HELD THAT:- No reason to interfere with the order impugned in this petition. The special leave petition is, accordingly, dismissed.
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