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Compensation received for termination of construction of railway siding was capital receipt: ITAT

March 11, 2019[2019] 103 14 (Raipur - Trib.)

IT : Where assessee-company was formed for construction of way track and railway siding on behalf of a company, in view of fact that due to certain disputes arose between parties work was stalled by assessee, compensation paid by said company to assessee for closure of business activity was to be treated as capital receipt not chargeable to tax

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