https://www.taxtmi.com/caselaws?id=25505 The court held that the sum of Rs. 47,20,539 received by the assessee was a capital receipt and not liable to capital gains tax. Additionally, payments of Rs. 50,000 and Rs. 42,212 were considered capital expenditures and not allowable as business expenditures. en-us Wed, 18 Feb 1987 00:00:00 +0530 Fri, 29 Jan 2010 11:23:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25505 The court held that the sum of Rs. 47,20,539 received by the assessee was a capital receipt and not liable to capital gains tax. Additionally, payments of Rs. 50,000 and Rs. 42,212 were considered capital expenditures and not allowable as business expenditures. Case-Laws Income Tax Wed, 18 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25505