https://www.taxtmi.com/caselaws?id=16621 The court determined that the compensation of Rs. 20,000 received by the assessee was a revenue receipt, not a capital receipt. The court found that the compensation was for the loss of commission income for the remaining period of the contract, rather than a loss of a source of income or affecting the capital structure. Therefore, the court held that the receipt was revenue in nature, ruling against the assessee. en-us Tue, 18 Feb 1997 00:00:00 +0530 Wed, 09 Sep 2009 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16621 The court determined that the compensation of Rs. 20,000 received by the assessee was a revenue receipt, not a capital receipt. The court found that the compensation was for the loss of commission income for the remaining period of the contract, rather than a loss of a source of income or affecting the capital structure. Therefore, the court held that the receipt was revenue in nature, ruling against the assessee. Case-Laws Income Tax Tue, 18 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16621