https://www.taxtmi.com/caselaws?id=69798 The Tribunal held that the receipt of Rs. 25,500 by the assessee, arising from a settlement over the use of its trade name, was a capital receipt and not taxable as income for the assessment year 1968-69. The compensation was deemed to address the erosion of the assessee's goodwill, making it a capital asset not linked to revenue. The Tribunal affirmed its decision, emphasizing the long-term loss suffered by the assessee's goodwill due to the competitor's actions, ultimately concluding that the receipt was of a capital nature and not subject to taxation. en-us Tue, 23 Jun 1981 00:00:00 +0530 Tue, 12 Apr 2011 11:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69798 The Tribunal held that the receipt of Rs. 25,500 by the assessee, arising from a settlement over the use of its trade name, was a capital receipt and not taxable as income for the assessment year 1968-69. The compensation was deemed to address the erosion of the assessee's goodwill, making it a capital asset not linked to revenue. The Tribunal affirmed its decision, emphasizing the long-term loss suffered by the assessee's goodwill due to the competitor's actions, ultimately concluding that the receipt was of a capital nature and not subject to taxation. Case-Laws Income Tax Tue, 23 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69798