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Compensation received from ‘Coca Cola’ for breaching contract for bottling soft drinks was capital receipt: HC
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Corporate Tax
Compensation received from ‘Coca Cola’ for breaching contract for bottling soft drinks was capital receipt: HC
Posted on
on
December 25, 2017
Tenet Tax Daily December 22 2017
By
tenettax-team
Corporate Tax
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ITAT slams AO for reopening of assessment as alleged non-disclosures were duly reported in Form No. 3CEB
No penalty just because assessee withdrew rebate claim during assessment which it had claimed inadvertently
