https://www.taxtmi.com/caselaws?id=69345 The Tribunal upheld the decision that the compensation received for non-supply of tippers and the interest awarded by the Arbitrator were taxable revenue receipts. The compensation was deemed to be for additional costs incurred due to government-induced delays, while the interest was considered akin to a trader receiving payment for delayed dues, both falling under revenue nature. The Tribunal rejected the assessee's claims that the compensation and interest were capital receipts, affirming their classification as taxable revenue receipts. en-us Tue, 20 Oct 1981 00:00:00 +0530 Wed, 06 Apr 2011 12:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69345 The Tribunal upheld the decision that the compensation received for non-supply of tippers and the interest awarded by the Arbitrator were taxable revenue receipts. The compensation was deemed to be for additional costs incurred due to government-induced delays, while the interest was considered akin to a trader receiving payment for delayed dues, both falling under revenue nature. The Tribunal rejected the assessee's claims that the compensation and interest were capital receipts, affirming their classification as taxable revenue receipts. Case-Laws Income Tax Tue, 20 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69345