https://www.taxtmi.com/caselaws?id=15529 Compensation received for non-supply of tippers in time was treated as a revenue receipt because it arose from work done under the contract and not from loss of a capital asset or capital structure, and it was therefore taxable. Interest awarded for delayed payment of contract amounts was also treated as revenue in character because it was an accretion to the trading receipt arising from the business transaction itself, and it was therefore taxable. The receipts were held to stem from contractual trading operations rather than a capital source, so the reference was answered in favour of the Revenue. en-us Thu, 02 Jul 1998 00:00:00 +0530 Tue, 25 Aug 2009 17:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15529 Compensation received for non-supply of tippers in time was treated as a revenue receipt because it arose from work done under the contract and not from loss of a capital asset or capital structure, and it was therefore taxable. Interest awarded for delayed payment of contract amounts was also treated as revenue in character because it was an accretion to the trading receipt arising from the business transaction itself, and it was therefore taxable. The receipts were held to stem from contractual trading operations rather than a capital source, so the reference was answered in favour of the Revenue. Case-Laws Income Tax Thu, 02 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15529