https://www.taxtmi.com/caselaws?id=285219 The court held that the sum received as "salami" under a leave and license agreement was a capital receipt not chargeable to tax. The Income-tax Officer's argument that it should be treated as advance rent was rejected, with the court emphasizing the need for tax authorities to prove the revenue nature of such receipts. The court directed the Tribunal to examine the taxability as a capital gain, leaving the final decision on tax liability to be determined. en-us Wed, 29 Aug 1990 00:00:00 +0530 Thu, 02 Jan 2020 17:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285219 The court held that the sum received as "salami" under a leave and license agreement was a capital receipt not chargeable to tax. The Income-tax Officer's argument that it should be treated as advance rent was rejected, with the court emphasizing the need for tax authorities to prove the revenue nature of such receipts. The court directed the Tribunal to examine the taxability as a capital gain, leaving the final decision on tax liability to be determined. Case-Laws Income Tax Wed, 29 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285219