https://www.taxtmi.com/caselaws?id=19445 An arbitration award received for escalation in work costs caused by delay was treated as compensatory in nature and not wholly as business income or profit. The amount related to increased labour cost, interest charges and other delay-induced expenses, so it could not be characterised in full as taxable income. The Tribunal's view that only a portion of the award represented profit was upheld on the facts, and the dispute was treated as one turning on factual assessment rather than any question of law. en-us Thu, 17 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 12:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19445 An arbitration award received for escalation in work costs caused by delay was treated as compensatory in nature and not wholly as business income or profit. The amount related to increased labour cost, interest charges and other delay-induced expenses, so it could not be characterised in full as taxable income. The Tribunal's view that only a portion of the award represented profit was upheld on the facts, and the dispute was treated as one turning on factual assessment rather than any question of law. Case-Laws Income Tax Thu, 17 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19445