https://www.taxtmi.com/caselaws?id=180984 Salami received in settlement of disputed licence and lease rights is capital where it represents consideration for rights and benefits conferred under the settlement, rather than rent or advance rent. It is therefore not assessable as income. Reimbursement of cess paid by an assessee's estate, where the primary liability rests with another party, merely restores the outlay and does not constitute income. Both the settlement payment and cess reimbursement fall outside taxable income on these facts. en-us Mon, 02 Sep 1946 00:00:00 +0530 Tue, 05 Apr 2016 15:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180984 Salami received in settlement of disputed licence and lease rights is capital where it represents consideration for rights and benefits conferred under the settlement, rather than rent or advance rent. It is therefore not assessable as income. Reimbursement of cess paid by an assessee's estate, where the primary liability rests with another party, merely restores the outlay and does not constitute income. Both the settlement payment and cess reimbursement fall outside taxable income on these facts. Case-Laws Income Tax Mon, 02 Sep 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180984