https://www.taxtmi.com/caselaws?id=38614 Pagdi or salami received from tenants for grant of monthly tenancies was treated as a capital receipt because it was a non-recurring payment made for acceptance as tenants, not advance rent. The taxing authority failed to show any factual basis for treating the premium as revenue in character. Receipt of similar payments from multiple tenants did not, by itself, make the sums business income, because there was no evidence that the building activity formed part of the assessee's business. The attempt to assess the amount as income from other sources also failed on the facts found. en-us Fri, 12 Nov 1976 00:00:00 +0530 Wed, 07 Apr 2010 15:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38614 Pagdi or salami received from tenants for grant of monthly tenancies was treated as a capital receipt because it was a non-recurring payment made for acceptance as tenants, not advance rent. The taxing authority failed to show any factual basis for treating the premium as revenue in character. Receipt of similar payments from multiple tenants did not, by itself, make the sums business income, because there was no evidence that the building activity formed part of the assessee's business. The attempt to assess the amount as income from other sources also failed on the facts found. Case-Laws Income Tax Fri, 12 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38614