1959 (3) TMI 5 - SUPREME COURT

Whether the sum of ₹ 2,19,343 received by the assessee in the year of account relevant for the assessment year 1951-52 was a revenue receipt or a capital receipt?

Held that:- The Appellate Assistant Commissioner as well as the High Court were thus justified in the conclusion to which they came, viz., that the sum of ₹ 2,19,343 received by the assessee from the company, was a capital receipt. Appeal dismissed.