Held that the compensation received by the assessee from the supplier on account of failure of performance guarantee parameters of the capital assets, namely, wind turbine generators, was a capital receipt outside the purview of taxation. (AY.2008-09)
Essel Mining & Industries Ltd. v. Add. CIT (2025) 235 TTJ 329/ 174 taxmann.com 866 (Kol.)(Trib.)
S. 4 : Charge of income-tax-Capital or revenue receipt-Compensation received from supplier on account of failure of performance guarantee parameters of wind turbine generator-Capital receipt.
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