https://www.taxtmi.com/caselaws?id=25379 The court determined that the assessee's right to compensation arose on the date of the award, not earlier dates claimed. The compensation for certain items was classified as capital receipts, not revenue, due to the change in their character after business abandonment. As a result, the deduction of earlier years' losses was not addressed. The court ruled in favor of the Revenue on the first issue and in favor of the assessee on the second issue, with no costs awarded. en-us Wed, 25 Mar 1987 00:00:00 +0530 Thu, 28 Jan 2010 12:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25379 The court determined that the assessee's right to compensation arose on the date of the award, not earlier dates claimed. The compensation for certain items was classified as capital receipts, not revenue, due to the change in their character after business abandonment. As a result, the deduction of earlier years' losses was not addressed. The court ruled in favor of the Revenue on the first issue and in favor of the assessee on the second issue, with no costs awarded. Case-Laws Income Tax Wed, 25 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25379