Option money is capital receipt: ITAT Delhi

ACIT Vs Dabur Invest Corp (ITAT Delhi) ITAT Delhi held that option money is to be treated as capital receipt. Accordingly, the same cannot be treated as revenue receipt. The appeal is allowed to that extent. Facts- The present appeals are filed by the Revenue and Assessee against different orders of the Ld. Commissioner of Income Tax (Appeals), NFAC, Delhi dated 04.08.2022 for the assessment years 2017-18 & 2018-19. The first common issue in both the Revenue appeals for the assessment years 2017-18 and 2018-19 is relating to taxation of option price received by the assessee as per terms of...