https://www.taxtmi.com/caselaws?id=49573 Whether compensation of Rs. 57,435 for compulsory vacation of business premises was capital or revenue turned on its characterisation as loss of profits due to interruption of trade. The court held that the payment was assessed and claimed as disturbance/loss of profits, there was no finding of injury to tangible capital assets nor any proved loss of goodwill, and therefore the sum constituted a revenue (trading) receipt rather than a capital receipt. en-us Tue, 08 Mar 1960 00:00:00 +0530 Wed, 03 Sep 2014 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49573 Whether compensation of Rs. 57,435 for compulsory vacation of business premises was capital or revenue turned on its characterisation as loss of profits due to interruption of trade. The court held that the payment was assessed and claimed as disturbance/loss of profits, there was no finding of injury to tangible capital assets nor any proved loss of goodwill, and therefore the sum constituted a revenue (trading) receipt rather than a capital receipt. Case-Laws Income Tax Tue, 08 Mar 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49573