Amount Received as Compensation for Pre-closure of BOT projects is Capital Receipt: ITAT [Read Order]

Amount - Compensation - BOT projects - Capital Receipt - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Pune Bench held that amount received as compensation for pre-closure of Build Operate Transfer (BOT) projects is capital receipt. The issue concerned is in relation that the CIT(A) failed to appreciate that the amount received by the assessee, Rohan and Rajdeep Infrastructure was on account of pre-closure of its…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader