https://www.taxtmi.com/caselaws?id=65074 The Tribunal held that the compensation received by the assessee was not a capital receipt and did not constitute a transfer of any capital asset. However, the compensation was deemed taxable as casual and non-recurring income under section 10(3) of the Income-tax Act. The appeals filed by the assessees were dismissed, and the orders of the lower authorities were upheld. en-us Mon, 21 Apr 2003 00:00:00 +0530 Sat, 12 Feb 2011 11:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65074 The Tribunal held that the compensation received by the assessee was not a capital receipt and did not constitute a transfer of any capital asset. However, the compensation was deemed taxable as casual and non-recurring income under section 10(3) of the Income-tax Act. The appeals filed by the assessees were dismissed, and the orders of the lower authorities were upheld. Case-Laws Income Tax Mon, 21 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65074