https://www.taxtmi.com/caselaws?id=7782 A payment made to secure conversion of kachcha roads into pucca roads for business convenience was treated as capital expenditure because it created an enduring advantage and was not current repair or revenue outlay; the deduction was therefore disallowed. A Government receipt paid as an inducement for early crushing of sugarcane was held to arise from business operations, not as compensation for loss of a capital asset or permanent injury, so it was taxable income and did not qualify as a casual non-business receipt under section 4(3)(vii). Both questions were answered against the assessee. en-us Tue, 25 Nov 1969 00:00:00 +0530 Thu, 19 Mar 2009 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7782 A payment made to secure conversion of kachcha roads into pucca roads for business convenience was treated as capital expenditure because it created an enduring advantage and was not current repair or revenue outlay; the deduction was therefore disallowed. A Government receipt paid as an inducement for early crushing of sugarcane was held to arise from business operations, not as compensation for loss of a capital asset or permanent injury, so it was taxable income and did not qualify as a casual non-business receipt under section 4(3)(vii). Both questions were answered against the assessee. Case-Laws Income Tax Tue, 25 Nov 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7782