{"id":9759,"date":"2020-02-11T05:29:48","date_gmt":"2020-02-11T05:29:48","guid":{"rendered":"http:\/\/itatonline.org\/digest\/talwar-bro-p-ltd-v-ito-2019-178-itd-818-kol-trib\/"},"modified":"2020-02-11T05:29:48","modified_gmt":"2020-02-11T05:29:48","slug":"talwar-bro-p-ltd-v-ito-2019-178-itd-818-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/talwar-bro-p-ltd-v-ito-2019-178-itd-818-kol-trib\/","title":{"rendered":"Talwar Bro. (P.) Ltd. v. ITO (2019) 178 ITD 818 (Kol.)(Trib.)"},"content":{"rendered":"<p>Assessee owned a property which was given on sub-lease to PSIDC. PSIDC did not vacate premises after determination of sublease.\u00a0 Matter was thus referred to arbitrator who passed an award in terms of which assessee received damages for unauthorised occupation of property by PSIDC.\u00a0 AO held that amount so received was nothing but unrealized rent and should be taxed as &#8216;income from house property.\u00a0 Tribunal held that on facts, damages received by assessee were in nature of mesne profits which were not chargeable to tax being in nature of a capital receipt. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax\u2013Mesne profit\u2013Arbitral award-damages from tenant for unauthorized occupation of let out property, amount so received being in nature of &#8216;mesne profit&#8217; was a capital receipt, not liable to tax. [S. 22]<\/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":[1],"tags":[],"class_list":["post-9759","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2xp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9759","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=9759"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9759\/revisions"}],"predecessor-version":[{"id":9760,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9759\/revisions\/9760"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}