Forfeiture of advance received on agreement to sale of property is capital receipt
March 30, 2023
Income Tax, ITAT
Forfeiture of advance received on agreement to sale of property is capital receipt not income from other sourcesĀ ABCAUS Neutral Case Law Citation:ABCAUS 3691 (2023) (03) ITAT Important Case Laws relied upon by parties:Travencore Rubber & Tea Company Ltd. Vs. CIT (2000) 243 ITR 158 (SC)CIT Vs. Meera …