https://www.taxtmi.com/caselaws?id=17197 The High Court held that the compensation received by the assessee for vacating the premises was not taxable as capital gains due to the absence of a cost of acquisition. The issue of potential taxation as casual income was not addressed in this reference but was left open for future consideration. The court ruled in favor of the assessee on the tax liability for the compensation received. en-us Wed, 07 Jan 1998 00:00:00 +0530 Tue, 15 Sep 2009 17:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17197 The High Court held that the compensation received by the assessee for vacating the premises was not taxable as capital gains due to the absence of a cost of acquisition. The issue of potential taxation as casual income was not addressed in this reference but was left open for future consideration. The court ruled in favor of the assessee on the tax liability for the compensation received. Case-Laws Income Tax Wed, 07 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17197