Receipts on account of tender form and recovery of house accommodation and furniture & fixture provided with house accommodation are of capital nature.

ACIT Vs Bharat Oman Refineries Limited (ITAT Mumbai)- So far as the receipts on account of tender forms and by way of water and electricity charges to the contractors were concerned, they would not be treated as arising out of a source of income separate from the business which was being set up. Since, the business had not been fully set up, the receipts and payments would be clearly on capital account and hence not liable to tax. In a case where these receipts and payments pertains to the fixed structure of the comp

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