https://www.taxtmi.com/caselaws?id=22520 Interest received on mesne profits was held not to be income taxable as a revenue receipt. Mesne profits were treated as compensation for wrongful deprivation of property and therefore as damages, not a return on capital or an income stream. The interest component was regarded as an integral part of the mesne profits under the Code of Civil Procedure, not a separate taxable receipt. Because the underlying amount retained its capital character, the attached interest did not acquire the character of taxable income merely by being described as interest. en-us Wed, 13 Mar 1991 00:00:00 +0530 Thu, 10 Dec 2009 18:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22520 Interest received on mesne profits was held not to be income taxable as a revenue receipt. Mesne profits were treated as compensation for wrongful deprivation of property and therefore as damages, not a return on capital or an income stream. The interest component was regarded as an integral part of the mesne profits under the Code of Civil Procedure, not a separate taxable receipt. Because the underlying amount retained its capital character, the attached interest did not acquire the character of taxable income merely by being described as interest. Case-Laws Income Tax Wed, 13 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22520