https://www.taxtmi.com/caselaws?id=190395 Payment received from government for temporary occupation of land was characterised as compensation for loss of income (prevention from enjoying the usufruct) rather than a capital receipt because there was no agreement as to rent, no damage, and no permanent deprivation or sterilisation of the capital asset; accordingly the sum is taxable as income from other sources and not excludable as capital. en-us Thu, 21 Oct 1954 00:00:00 +0530 Tue, 14 Feb 2017 15:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190395 Payment received from government for temporary occupation of land was characterised as compensation for loss of income (prevention from enjoying the usufruct) rather than a capital receipt because there was no agreement as to rent, no damage, and no permanent deprivation or sterilisation of the capital asset; accordingly the sum is taxable as income from other sources and not excludable as capital. Case-Laws Income Tax Thu, 21 Oct 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190395