Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2009 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (3) TMI 213 - AT - Income TaxExtract: .......ipt of compensation, which the assessee was entitled to receive right in the year in which breach occurred. On this issue, we uphold the order of learned CIT(A) and hold that the AO has rightly treated the interest element as revenue receipt. 26. In the result, the appeal of the assessee is dismissed and the appeal of the Revenue is partly allowed.
|