https://www.taxtmi.com/caselaws?id=152185 Recurring interim maintenance allowances under the Hyderabad (Abolition of Jagirs) Regulation were held to be income, not capital compensation, because they were statutory periodic receipts measured by a fraction of current income and payable until commutation was fixed. The commutation sum alone represented compensation for extinguishment of jagir rights. Amounts paid after 1 April 1950 towards commutation were treated as part of the capital commutation arrangement, not as interim maintenance allowances, and were therefore not taxable income. The statutory scheme thus separated recurring interim receipts from the capital compensation payable on final commutation. en-us Thu, 04 Apr 1963 00:00:00 +0530 Wed, 07 Aug 2013 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152185 Recurring interim maintenance allowances under the Hyderabad (Abolition of Jagirs) Regulation were held to be income, not capital compensation, because they were statutory periodic receipts measured by a fraction of current income and payable until commutation was fixed. The commutation sum alone represented compensation for extinguishment of jagir rights. Amounts paid after 1 April 1950 towards commutation were treated as part of the capital commutation arrangement, not as interim maintenance allowances, and were therefore not taxable income. The statutory scheme thus separated recurring interim receipts from the capital compensation payable on final commutation. Case-Laws Income Tax Thu, 04 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152185