https://www.taxtmi.com/caselaws?id=284345 Where a lease and related agreement required payment on abandonment of unworked coal, the lump sum received by the estate was referable to that contractual royalty obligation and not to any purchase of a surrender right. On substance, the amount represented royalty that would have accrued had the coal been worked, so it was revenue in nature rather than a capital or casual receipt. It was therefore assessable to income-tax as royalty. en-us Thu, 14 Feb 1946 00:00:00 +0530 Wed, 13 Nov 2019 11:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284345 Where a lease and related agreement required payment on abandonment of unworked coal, the lump sum received by the estate was referable to that contractual royalty obligation and not to any purchase of a surrender right. On substance, the amount represented royalty that would have accrued had the coal been worked, so it was revenue in nature rather than a capital or casual receipt. It was therefore assessable to income-tax as royalty. Case-Laws Income Tax Thu, 14 Feb 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284345