Compensation for Nuisance is Non-Taxable Capital Receipt: ITAT Mumbai Recently, ITAT Mumbai in the case of Mohammed Fakhre Alam Shaikh -against an order passed by CIT(A)-52, Mumbai, for AY 2016-17, has held that compensation for Nuisance is Non-Taxable Capital Receipt. Let us have a Short Overview of the case: The assessee challenged the addition…
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