https://www.taxtmi.com/caselaws?id=69047 The Tribunal held that the capital gains component of the insurance money was not taxable and that the scrap value realized from the sale of scrap was not taxable as capital gains. However, it ruled that section 41(2) profits from the insurance money and the insurance money attributable to the stock of tea destroyed were taxable. The issue of interest under sections 214 and 215 was deemed consequential. As a result, the assessee's appeal was partly allowed. en-us Fri, 12 Jul 1991 00:00:00 +0530 Fri, 20 Jan 2012 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69047 The Tribunal held that the capital gains component of the insurance money was not taxable and that the scrap value realized from the sale of scrap was not taxable as capital gains. However, it ruled that section 41(2) profits from the insurance money and the insurance money attributable to the stock of tea destroyed were taxable. The issue of interest under sections 214 and 215 was deemed consequential. As a result, the assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 12 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69047