Dismissing the appeal of the revenue the Court held that , amount received by assessee from assigning its business rights is held to be capital receipts . Amount is also not to be included in computing book profits .
CIT v. Om Metals Infraprojects Ltd ( 2018) 99 taxmann.com 228 / 259 Taxman 355 ( Raj) (HC) Editorial: SLP of revenue is dismissed , CIT v. Om Metals Infraprojects Ltd ( 2018) 259 Taxman 354 (SC)
S. 4 : Charge of income-tax -Capital-Revenue- Amount received by assessee from assigning its business rights is held to be capital receipts . Amount is also not to be included in computing book profits . [ S.155JB, 263 ]