https://www.taxtmi.com/caselaws?id=28877 The High Court held that receipts from the sale of tender forms, sale of trees, grass, stones, boulders, and recovery from contractors for water and electricity were capital in nature and not taxable under the Income Tax Act. The Court emphasized the direct relation of these receipts to the capital structure of the company during the business setup phase, affirming that they should be considered part of the capital investment, not taxable income. en-us Thu, 17 Sep 1981 00:00:00 +0530 Mon, 08 Mar 2010 12:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28877 The High Court held that receipts from the sale of tender forms, sale of trees, grass, stones, boulders, and recovery from contractors for water and electricity were capital in nature and not taxable under the Income Tax Act. The Court emphasized the direct relation of these receipts to the capital structure of the company during the business setup phase, affirming that they should be considered part of the capital investment, not taxable income. Case-Laws Income Tax Thu, 17 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28877