Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2003 (5) TMI 478 - ITAT MUMBAI
Extract:
.......f the asset has no cost, then it does not mean that the receipt would fall under section 56. This view was expressed while deciding the case of amount received on surrender of tenancy right which is equally applicable in the present case also. Now the matter will go back to the original Bench to decide the case in accordance with the majority view.