https://www.taxtmi.com/caselaws?id=5122 A lump sum received by a lessor under a lease was held not to be advance rent but a capital receipt in the nature of premium or salami. The lease deed did not provide for any adjustment against rent or treat the sum as prepaid rent, and the monthly rent was separately fixed. The payment was made once for all toward the cost of erecting the cinema house and related expenses, with no refund or adjustment clause, and there was no evidence that the real rent was higher or spread over the lease term. On those facts, the amount was not taxable as revenue income. en-us Thu, 30 Jan 1969 00:00:00 +0530 Thu, 20 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5122 A lump sum received by a lessor under a lease was held not to be advance rent but a capital receipt in the nature of premium or salami. The lease deed did not provide for any adjustment against rent or treat the sum as prepaid rent, and the monthly rent was separately fixed. The payment was made once for all toward the cost of erecting the cinema house and related expenses, with no refund or adjustment clause, and there was no evidence that the real rent was higher or spread over the lease term. On those facts, the amount was not taxable as revenue income. Case-Laws Income Tax Thu, 30 Jan 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5122