Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The Ld. Commissioner of Income Tax (Appeals) erred in law in treating `35,49,091/- as revenue receipt being the amount received from the flat owners and / or tenants for replacement of capital assets and shown as sinking fund in accounts which was considered and treated as capital receipt by the appellant since its inception and the same was duly accepted by the Assessing Officer in the earlier assessments
Citation :
Alpha Services, 23, Barakhamba Road, New Delhi – 110 001 (PAN: AAKFA7883R) (Appellant) Vs. Dy. Commissioner of Income Tax, Circle 31(1), CR Building,IP Estate, New Delhi -110002 (Respondent)
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