https://www.taxtmi.com/caselaws?id=202440 The High Court upheld the Tribunal's decision that the amount of Rs. 4.25 crores received by the appellant was considered a revenue receipt rather than a capital receipt. The compensation was primarily for the annulment of business rights and potential income loss, with the restrictive covenant being deemed incidental. The appeal was dismissed as no substantial question of law was found for determination. en-us Fri, 19 Nov 2010 00:00:00 +0530 Tue, 11 Dec 2012 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202440 The High Court upheld the Tribunal's decision that the amount of Rs. 4.25 crores received by the appellant was considered a revenue receipt rather than a capital receipt. The compensation was primarily for the annulment of business rights and potential income loss, with the restrictive covenant being deemed incidental. The appeal was dismissed as no substantial question of law was found for determination. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202440