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2017 (12) TMI 639 - AT - Income TaxNature of amount received as compensation towards rent out property - Mense profit - revenue receipt or capital receipt - Whether the receipt was treated as rent from the said premises and accordingly treated as income from house property and was brought to tax? - Held that:- Mense profit is not revenue receipt but capital in nature. Identical ratio was laid down in the case of Narang Overseas [2008 (2) TMI 817 - ITAT MUMBAI] and M/s Goodwill Theater Pvt. Ltd.[2013 (6) TMI 781 - ITAT MUMBAI] thus, on this ground, the appeal of the assessee deserves to be allowed. This order will be applicable to both the years under consideration, being on identical facts.
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