https://www.taxtmi.com/caselaws?id=29469 Compensation for temporary requisition of vacant land was treated as revenue income because requisition does not transfer title; it only suspends user, and the payment was for deprivation of use rather than for destruction of a capital asset or source of income. On those facts, the receipt was not a capital receipt or casual windfall and was correctly assessed under the head "Other sources." The Tribunal's finding that the assessee accounted for this receipt on cash basis was supported by the books and conduct, so the amount was chargeable in the relevant assessment year on receipt. en-us Thu, 22 Jan 1981 00:00:00 +0530 Sat, 13 Mar 2010 11:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29469 Compensation for temporary requisition of vacant land was treated as revenue income because requisition does not transfer title; it only suspends user, and the payment was for deprivation of use rather than for destruction of a capital asset or source of income. On those facts, the receipt was not a capital receipt or casual windfall and was correctly assessed under the head "Other sources." The Tribunal's finding that the assessee accounted for this receipt on cash basis was supported by the books and conduct, so the amount was chargeable in the relevant assessment year on receipt. Case-Laws Income Tax Thu, 22 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29469