The Tribunal condoned the delay of 1566 days in filing of the appeal by the assessee . The assessee received \u00a0from the builder monthly rent as compensation for providing alternative accommodation \u00a0as the building has gone for redevelopment . The\u00a0 Assessing Officer treated the said amount as income from other sources . The \u00a0addition was affirmed by the CIT(A) . \u00a0On appeal \u00a0it was \u00a0contended that the amount \u00a0received by the builder is in the nature of hardship compensation and it is a capital receipt hence taxable . \u00a0\u00a0\u00a0The Revenue argued that the aassessee has not utilised the rent received for his accommodation \u00a0and he has lived with his parents . Tribunal deleted the \u00a0\u00a0addition on the ground that the receipt of compensation for hardship is in the nature of capital receipt hence not taxable . Followed\u00a0 Deliah Raj Mansukhani ( Smt) v. ITO ( ITA No. 3526\/Mum\/ 2017 dt. 29-1 -2021 \u00a0( ITA No. 2823\/Mum\/ 2022 dt. 3-4 -2023 )( AY. 2013 -14 ) \u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 4 : Charge of income-tax \u2013 Re development of building – Monthly rental compensation received from the builder for rent of alternative accommodation \u2013 Not utilised for paying alternative accommodation – Capital receipt \u2013 Not taxable as income from other sources \u2013 Delay of 1566 days in filing the appeal is condoned . [ S. 56, 254(1) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-34476","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8Y4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34476"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34476\/revisions"}],"predecessor-version":[{"id":34477,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34476\/revisions\/34477"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}