https://www.taxtmi.com/caselaws?id=25837 The High Court held that the excess amount received from the sale of shares, which included the controlling interest, was taxable as a revenue receipt. The Court determined that the controlling interest was inseparable from the shares and the excess amount formed part of the price of the shares, thus constituting a revenue receipt. The Court differentiated this case from others involving separate rights and ruled in favor of the Revenue, concluding that the excess amount was taxable as a revenue receipt in the hands of the assessee. en-us Mon, 04 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 12:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25837 The High Court held that the excess amount received from the sale of shares, which included the controlling interest, was taxable as a revenue receipt. The Court determined that the controlling interest was inseparable from the shares and the excess amount formed part of the price of the shares, thus constituting a revenue receipt. The Court differentiated this case from others involving separate rights and ruled in favor of the Revenue, concluding that the excess amount was taxable as a revenue receipt in the hands of the assessee. Case-Laws Income Tax Mon, 04 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25837