https://www.taxtmi.com/caselaws?id=49504 The Supreme Court held that the compensation received by the Hindu undivided family for the requisition of their tea garden was not a revenue receipt but compensation for the stoppage of business. As the compensation was not considered income from business, the question of it constituting agricultural income did not arise. The Court allowed the appeal in favor of the appellants, ruling that the sums paid were not revenue receipts and were exempt from tax under the Indian Income-tax Act, 1922. en-us Mon, 13 Mar 1961 00:00:00 +0530 Sat, 30 Aug 2014 20:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49504 The Supreme Court held that the compensation received by the Hindu undivided family for the requisition of their tea garden was not a revenue receipt but compensation for the stoppage of business. As the compensation was not considered income from business, the question of it constituting agricultural income did not arise. The Court allowed the appeal in favor of the appellants, ruling that the sums paid were not revenue receipts and were exempt from tax under the Indian Income-tax Act, 1922. Case-Laws Income Tax Mon, 13 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49504