https://www.taxtmi.com/caselaws?id=49280 Amounts received under a mining lease covenant linked to rent and royalty are taxable as income when received and appropriated by the assessee. The payments were not treated as sums collected merely as an agent for the Government, and any possibility of a later refund claim by the payer did not change their character in the year of receipt. The exemption for casual and non-recurring receipts was unavailable because the payments were not shown to be accidental, fortuitous, or genuinely non-recurring. The disputed receipts were therefore chargeable to tax, and the assessment as taxable income was sustained. en-us Thu, 28 Oct 1965 00:00:00 +0530 Tue, 19 Aug 2014 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49280 Amounts received under a mining lease covenant linked to rent and royalty are taxable as income when received and appropriated by the assessee. The payments were not treated as sums collected merely as an agent for the Government, and any possibility of a later refund claim by the payer did not change their character in the year of receipt. The exemption for casual and non-recurring receipts was unavailable because the payments were not shown to be accidental, fortuitous, or genuinely non-recurring. The disputed receipts were therefore chargeable to tax, and the assessment as taxable income was sustained. Case-Laws Income Tax Thu, 28 Oct 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49280