THE ACIT CEN-CIRCLE, KOTTAYAM vs. SMT.GRACY BABU, ADOOR P.O.
In the result, the appeals of the assesses in ITA no
ITA 239/COCH/2019[2011-12]Status: DisposedITAT Cochin30 Sept 2019AY 2011-12
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
section 2(47) of the Act. Hence, it was submitted
that consideration if any, received or receivable in lieu of relinquishment of a capital
asset or extinguishment of any right therein would constitute capital receipt only
and not revenue receipt. It was submitted that the profits and gains
