Mesne profits - capital or revenue receipt - Once the Special ...

Income Tax

June 15, 2016

Mesne profits - capital or revenue receipt - Once the Special Bench order of the Tribunal in Narang Overseas Pvt. Ltd., [2008 (2) TMI 817 - ITAT MUMBAI] has taken a view on the character of mesne profits, then unless the Revenue challenges the order of the Special Bench of the Tribunal it would be unfair of the Revenue to pick and choose assessees where it would follow the decision of the Special Bench of the Tribunal- HC

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Mesne profits - capital or revenue receipt - Once the Special ...

Income Tax

June 15, 2016

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