https://www.taxtmi.com/highlights?id=4570 Merely because part of the share capital is used as a working capital, the character of the receipt would not become a revenue receipt. - the gains on account of foreign exchange fluctuations, in the event such share capital collected in foreign exchange, hence is only capital receipts - HC en-us Fri, 27 Jul 2012 07:42:29 +0530 Fri, 27 Jul 2012 07:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4570 Merely because part of the share capital is used as a working capital, the character of the receipt would not become a revenue receipt. - the gains on account of foreign exchange fluctuations, in the event such share capital collected in foreign exchange, hence is only capital receipts - HC Highlights Income Tax Fri, 27 Jul 2012 07:42:29 +0530 https://www.taxtmi.com/highlights?id=4570