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Rent received from builder on account of delayed posession

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(Querist)
18 May 2018 Hi,
Please advise how can i show the rent arrears received from builder on account of delayed possesion in my income as i have not actually let out the property and have no intention on renting the premises in future.

Regards,
Abbasali.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 May 2018
It is a kind of liquidate damages by the builder to Owner for the delay of of possession, my view it is capital receipt and not taxable ( Ref: 1CIT vs M/s Saurashtra Cement Limited 2010-TIOL-49-SC-IT Supreme Court.
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