https://www.taxtmi.com/caselaws?id=264965 Compensation paid for damage to land caused by laying an underground pipeline was treated as a capital receipt, because it was received for injury to the land itself and not as income from its ordinary exploitation. The land was not transferred, and the payment was not shown to be recurring income or a substitute for profit. On that basis, the amount was not chargeable as revenue income and the tax addition was deleted. en-us Wed, 05 Aug 2015 00:00:00 +0530 Sun, 04 Oct 2015 21:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264965 Compensation paid for damage to land caused by laying an underground pipeline was treated as a capital receipt, because it was received for injury to the land itself and not as income from its ordinary exploitation. The land was not transferred, and the payment was not shown to be recurring income or a substitute for profit. On that basis, the amount was not chargeable as revenue income and the tax addition was deleted. Case-Laws Income Tax Wed, 05 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264965