https://www.taxtmi.com/caselaws?id=6781 A lease-linked payment must be characterised from the surrounding circumstances and the lease deed recitals, not by label alone. Where the amount was stated to meet the cost of erecting a cinema-house and completing construction, and the recipient had already incurred part of the construction expense, it was treated not as consideration for parting with a capital asset or as salami, but as money connected with the future enjoyment of the premises. On that basis, the sum was regarded as advance rent, i.e. revenue receipt, and was taxable. en-us Fri, 26 Mar 1965 00:00:00 +0530 Mon, 02 Feb 2009 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6781 A lease-linked payment must be characterised from the surrounding circumstances and the lease deed recitals, not by label alone. Where the amount was stated to meet the cost of erecting a cinema-house and completing construction, and the recipient had already incurred part of the construction expense, it was treated not as consideration for parting with a capital asset or as salami, but as money connected with the future enjoyment of the premises. On that basis, the sum was regarded as advance rent, i.e. revenue receipt, and was taxable. Case-Laws Income Tax Fri, 26 Mar 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6781