https://www.taxtmi.com/caselaws?id=20041 The court determined that the compensation of Rs. 29,47,500 received by the assessee was a revenue receipt assessable to income-tax as business income for the assessment year 1979-80. The termination of the hotel management agreement and receipt of compensation were considered part of the ordinary business activities of the assessee, not altering the overall business structure. Therefore, the compensation was deemed a revenue receipt rather than a capital receipt. en-us Wed, 08 Sep 1993 00:00:00 +0530 Wed, 11 Nov 2009 12:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20041 The court determined that the compensation of Rs. 29,47,500 received by the assessee was a revenue receipt assessable to income-tax as business income for the assessment year 1979-80. The termination of the hotel management agreement and receipt of compensation were considered part of the ordinary business activities of the assessee, not altering the overall business structure. Therefore, the compensation was deemed a revenue receipt rather than a capital receipt. Case-Laws Income Tax Wed, 08 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20041