Case Law Details
Case Name : Aerens Developers and Engineers Ltd. vs. ACIT (ITAT Delhi)
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Delhi
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CA Saurabh Chokra
Brief of the case:
The ITAT Delhi in the above cited case held that Compensation received for loss of business activity is a Capital R
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Author Bio
Each and every case decides on their on facts and situation as in this case no business was setup (started) therefore the compensation received was not treated as revenue receipts by the tribunal.