https://www.taxtmi.com/caselaws?id=49623 The Supreme Court held that the receipt of Rs. 2,50,000 by the respondent was a revenue receipt and chargeable to tax. The appeal was allowed, the judgment of the High Court was set aside, and the order of the Tribunal was restored. The respondent was ordered to pay the costs of the appellant throughout. en-us Tue, 07 Oct 1958 00:00:00 +0530 Fri, 05 Sep 2014 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49623 The Supreme Court held that the receipt of Rs. 2,50,000 by the respondent was a revenue receipt and chargeable to tax. The appeal was allowed, the judgment of the High Court was set aside, and the order of the Tribunal was restored. The respondent was ordered to pay the costs of the appellant throughout. Case-Laws Income Tax Tue, 07 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49623