https://www.taxtmi.com/news?id=1274 Sums paid to controlling shareholders for casting affirmative votes to transfer marketing rights were characterised as a casual receipt and windfall from a one time corporate event, not of a revenue character; the revenue failed to prove these were taxable income, and the receipts were held not to constitute income within the meaning of section 2(24) of the Income Tax Act, 1961. en-us Mon, 08 Nov 2010 13:16:34 +0530 Mon, 08 Nov 2010 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1274 Sums paid to controlling shareholders for casting affirmative votes to transfer marketing rights were characterised as a casual receipt and windfall from a one time corporate event, not of a revenue character; the revenue failed to prove these were taxable income, and the receipts were held not to constitute income within the meaning of section 2(24) of the Income Tax Act, 1961. News - Mon, 08 Nov 2010 13:16:34 +0530 https://www.taxtmi.com/news?id=1274