https://www.taxtmi.com/caselaws?id=7903 Voluntary periodic ex gratia payments from the Government, though repeated over several years, were held to be casual and non-recurring receipts because the assessee had no enforceable legal right to demand them. They were therefore exempt from income-tax under the Income-tax Act, 1922, despite falling within income in a broad sense. The Government's bare promise to continue such payments was also held not to be property or a vested right, so it could not be treated as an asset includible in net wealth under the Wealth-tax Act, 1957. The references were answered against the Revenue. en-us Tue, 02 Dec 1969 00:00:00 +0530 Wed, 27 Nov 2013 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7903 Voluntary periodic ex gratia payments from the Government, though repeated over several years, were held to be casual and non-recurring receipts because the assessee had no enforceable legal right to demand them. They were therefore exempt from income-tax under the Income-tax Act, 1922, despite falling within income in a broad sense. The Government's bare promise to continue such payments was also held not to be property or a vested right, so it could not be treated as an asset includible in net wealth under the Wealth-tax Act, 1957. The references were answered against the Revenue. Case-Laws Income Tax Tue, 02 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7903