https://www.taxtmi.com/caselaws?id=16844 The High Court determined that 1/3rd of the compensation (Rs. 3.17 lakhs) was capital in nature, related to delays in procurement of capital assets, while the remaining 2/3rds (Rs. 6.33 lakhs) was considered revenue in nature, compensating for loss of production. The court differentiated between capital and revenue receipts, partially ruling in favor of the assessee and partially in favor of the Department. en-us Tue, 29 Oct 1996 00:00:00 +0530 Sat, 12 Sep 2009 15:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16844 The High Court determined that 1/3rd of the compensation (Rs. 3.17 lakhs) was capital in nature, related to delays in procurement of capital assets, while the remaining 2/3rds (Rs. 6.33 lakhs) was considered revenue in nature, compensating for loss of production. The court differentiated between capital and revenue receipts, partially ruling in favor of the assessee and partially in favor of the Department. Case-Laws Income Tax Tue, 29 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16844