Nature of receipt - amount received by the assessee firm as a ...

Compensation for BOT project pre-closure not classified as revenue receipt u/s 28(ii)(d), ruling favors assessee.

December 24, 2022

Case Laws Income Tax AT

Nature of receipt - amount received by the assessee firm as a compensation for pre-closure of its BOT projects - Revenue or capital receipt - both the learned authorities have erred in law and on facts in invoking section 28(ii)(d) qua assessee’s impugned compensation thereby holding it as a revenue receipt. The assessee succeeds. - AT

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Nature of receipt - amount received by the assessee firm as a ...

Compensation for BOT project pre-closure not classified as revenue receipt u/s 28(ii)(d), ruling favors assessee.

December 24, 2022

Case Laws Income Tax AT

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