https://www.taxtmi.com/caselaws?id=289616 The court determined that the sum of Sterling Pound 15,000 received by the company under an insurance policy was a revenue receipt, subject to income-tax and surtax. The judgment emphasized that the purpose of the insurance was to cover the loss of services, not to compensate the individual directly. The appeal was dismissed with costs, and leave to appeal to the House of Lords was granted. en-us Wed, 17 Feb 1943 00:00:00 +0630 Mon, 19 Jul 2021 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289616 The court determined that the sum of Sterling Pound 15,000 received by the company under an insurance policy was a revenue receipt, subject to income-tax and surtax. The judgment emphasized that the purpose of the insurance was to cover the loss of services, not to compensate the individual directly. The appeal was dismissed with costs, and leave to appeal to the House of Lords was granted. Case-Laws Income Tax Wed, 17 Feb 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=289616