https://www.taxtmi.com/caselaws?id=11050 The court partially allowed the appeal, ruling that the deduction of land tax not actually paid was incorrect. However, it upheld that the receipt of Rs. 1,00,000 from M/s. J. K. White Cement Works was a capital receipt and not taxable income. The court allowed the deduction of Rs. 41,388 as actually paid during the previous year, subject to verification. No costs were awarded. en-us Thu, 04 Sep 2003 00:00:00 +0530 Thu, 30 Jul 2009 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11050 The court partially allowed the appeal, ruling that the deduction of land tax not actually paid was incorrect. However, it upheld that the receipt of Rs. 1,00,000 from M/s. J. K. White Cement Works was a capital receipt and not taxable income. The court allowed the deduction of Rs. 41,388 as actually paid during the previous year, subject to verification. No costs were awarded. Case-Laws Income Tax Thu, 04 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11050