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1972 (3) TMI 23 - HC - Income TaxAssessee was compensated by payment for the loss of income or profit suffered by the wrongful act of the customers - amount received by the assessee as compromise decree consequent to the filing of suit for compensation for causing loss of part of assessee's business - true character of the money received by the asseesee on the basis of the consent decree, therefore, represents compensation for loss to the assessee in its trade and not for any loss of any capital asset and the said amount must, therefore, be considered to be a trading receipt of the assessee
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