https://www.taxtmi.com/caselaws?id=49540 In reference jurisdiction, the High Court could not determine ownership of service lines where the Tribunal had recorded no factual finding; it was confined to answering the referred question on the facts found, and it erred by assuming an appellate role. Contributions received from consumers for laying service lines were capital receipts because they were made to create capital assets of lasting value for the electricity undertaking, not as ordinary trading receipts. The fact that part of the money remained unspent after installation did not convert that balance into taxable trading income. Amounts contributed for service connections that bring into existence capital assets are capital in nature, and any surplus over immediate installation costs remains non-taxable on that account. en-us Tue, 06 Dec 1960 00:00:00 +0530 Mon, 02 Jun 2025 12:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49540 In reference jurisdiction, the High Court could not determine ownership of service lines where the Tribunal had recorded no factual finding; it was confined to answering the referred question on the facts found, and it erred by assuming an appellate role. Contributions received from consumers for laying service lines were capital receipts because they were made to create capital assets of lasting value for the electricity undertaking, not as ordinary trading receipts. The fact that part of the money remained unspent after installation did not convert that balance into taxable trading income. Amounts contributed for service connections that bring into existence capital assets are capital in nature, and any surplus over immediate installation costs remains non-taxable on that account. Case-Laws Income Tax Tue, 06 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49540