https://www.taxtmi.com/caselaws?id=38528 The High Court held that the amounts receivable by the assessee from transferring contracts to third parties were taxable revenue receipts in the assessment years 1964-65, 1965-66, and 1966-67. It was determined that these amounts were obtained in the ordinary course of business. Additionally, the Court ruled that the amounts receivable under specific agreements accrued to the assessee when the instalments became payable, not on the dates of the contracts. en-us Tue, 29 Jun 1976 00:00:00 +0530 Wed, 07 Apr 2010 11:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38528 The High Court held that the amounts receivable by the assessee from transferring contracts to third parties were taxable revenue receipts in the assessment years 1964-65, 1965-66, and 1966-67. It was determined that these amounts were obtained in the ordinary course of business. Additionally, the Court ruled that the amounts receivable under specific agreements accrued to the assessee when the instalments became payable, not on the dates of the contracts. Case-Laws Income Tax Tue, 29 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38528