https://www.taxtmi.com/caselaws?id=168759 Excess compensation received on compulsory requisition of plant and machinery under the Defence of India Rules was not taxable as profits under Section 10(2)(vii) of the Indian Income-tax Act, 1922. The court held that the provision applied only where plant or machinery had been sold or discarded, and a compulsory acquisition by Government, made without the assessee's consent, was not a sale in the ordinary and natural meaning of that term. Because a taxing provision must be strictly construed, the receipt could not be brought within the charge. en-us Thu, 18 Jan 1951 00:00:00 +0530 Wed, 25 Mar 2015 15:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168759 Excess compensation received on compulsory requisition of plant and machinery under the Defence of India Rules was not taxable as profits under Section 10(2)(vii) of the Indian Income-tax Act, 1922. The court held that the provision applied only where plant or machinery had been sold or discarded, and a compulsory acquisition by Government, made without the assessee's consent, was not a sale in the ordinary and natural meaning of that term. Because a taxing provision must be strictly construed, the receipt could not be brought within the charge. Case-Laws Income Tax Thu, 18 Jan 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168759