https://www.taxtmi.com/caselaws?id=400390 Mesne profits and interest received for unauthorised occupation of leased immovable property were treated as revenue receipts, because the payment compensated the owner for continued use of the property after termination of the lease and substituted the rent or occupation value otherwise receivable. The capital asset remained intact; there was no sterilisation, destruction, or diminution of the asset itself. On that basis, the receipt was not a capital receipt and was taxable as income in the assessee's hands. en-us Tue, 03 Nov 2020 00:00:00 +0530 Thu, 24 Dec 2020 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400390 Mesne profits and interest received for unauthorised occupation of leased immovable property were treated as revenue receipts, because the payment compensated the owner for continued use of the property after termination of the lease and substituted the rent or occupation value otherwise receivable. The capital asset remained intact; there was no sterilisation, destruction, or diminution of the asset itself. On that basis, the receipt was not a capital receipt and was taxable as income in the assessee's hands. Case-Laws Income Tax Tue, 03 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400390