Dismissing the appeal of the revenue, the Tribunal held that, Compensation received as a termination of business activity is held to be capital receipt. (AY. 2011-12)
DCIT v. Rishabh Infrastructure (P.) Ltd. (2019) 176 ITD 150 (Raipur)(Trib.)
S. 4 : Charge of income-tax–Capital or revenue -Compensation received as a termination of business activity is held to be capital receipt. [S. 28(i)]