CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM
In the result, the appeals of the assesses in ITA no
ITA 310/COCH/2019[2010-11]Status: DisposedITAT Cochin30 Sept 2019AY 2010-11
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
