{"id":209419,"date":"2009-07-31T00:00:00","date_gmt":"2009-07-30T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009"},"modified":"2017-12-29T21:06:21","modified_gmt":"2017-12-29T15:36:21","slug":"the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009","title":{"rendered":"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009<\/div>\n
Author: V.Gopalagowda And Kumar<\/div>\n
 \n\n *:'2~:\u00a7%: E-i\u00a7\".f\u00a7iT'\u00a7{%-E <':<'}2;::;:\u00a5: :::::=:* '%~;L..\u00bb% %3'f%E;%T\u00a3*a.\u00a7\u00a7\u00a7:\u00a7 Ef\u00e9\u00e9z\ufb01\ufb01\ufb01i 15:"; RE":\n\u00a7':a%% :\u00a7::is '\u00a7"\u00a7{%,E:% '\u00a77_\u00a7T\u00a7iE%',31"%:TT3\u00a7%\u00a7.' ::;s;:I\n\n?%a$\u00a7\u00a7? 1f\"=f _i_\n\n'\u00a7'.E%'\"\u00a7'~: \u00a7+;{>:m\u00a7:3: MR. 5'\u00a7?\u00a7fEff};7a\u00bb \n\n.\u00a7 EEK}\n\n'mg: \u00a7~%<'3m3E;;%:: M3, ;%'\u00a7..?$*?.E{i';';\u00a7;: g?*gR\u00a7%,%,?\u00a7'\u00a7\u00a7:'\u00a7'}\"\u00a7\"\u00a7EE\u20ac'?Ei\":\"\u00a7$ 3%;-a_{'\u00a7_,   H . _ \n.E:%;;;\u00a7':zga.\u00ab}.\u00a7:::\":?:$ ' V\n\nigfx  \u00a7L}a:\u00a7i%\u00e9:,;\u20ac3; {_j1::g~\u00a7::1::s\u00a7\u00a7?;%:>::s::\"\n\n f 3.{??si.};='T\u00a7'E%\".f 3'?;2x; _' -~ ., 1 \n%\"\"i\u00a7'\u00a7i%.%}?\u00a7:.:.%.Ea;f\u00a7%,;'\":g\u00a7'  V '\ni;\u00a7:4.::\u00a7':s:2 2:-3 \n\u00a7?\u00a7a:';zgg;:22,\u00a7{3\u20ac<i:\u00a2 V\n\nK'\n\n\u00bb  it\u00e9zf\u00e9.};E',"%5L'E?\u00a7\u00a7\u00a7h2:3;z:%2:\u00a7\u00a7ag ,5-'%{\u00a7z?'s::7:a%;\u00a7:$}\n\n   AV\n\n7;??? 55$  f:'f:~@\u00a7\u00a7%:<\u00bb: \u00a7;{,<E ,, ,\n{\u00a7';}\u00a7"::'::~:2%i}? \u00a7'\u00a7,i\u00a7\u20ac}\u00a5\u00a35'\u00a7'} as\n\n._  5\u20ac"\u00a7;:\u00a73\u00a7;<:\u00a7%.%:E\u00a2*\u00a7;_\u00a7s:{\u00a7 {3z;\u00a7\u00a7%:\u00a7: am;\n * \u00a7?<3\u00a3\u00a7'\u00a7'}\u00a2:?;i2a:~;f\u00a7'? E, 2 3 :3 3\n V\u00a3fZz:<%,:';\u20ac'g1; \u00a7.i3\u00a7$'\u20acr'%2::'i:?.\n\nigg\ufb01.-}'E'.'}\u20acV-.V:\u00a7.\u00a7\u00a7:'3.'\u00a74i\u20ac4:$\n\n: \u00a7'\u00a5\u20ac:iS\u00a7."}\u00a3}E''E\u00a7\u00a7\u20acfi\u00a5\u00a7'1''\u20acL\n\n"  \u00a7\u00a7;\u20ac,.$,{L\u00a7\u00a2Sa:";\u00a7:1ga.:':\u00a7 ;i*\u00a7:<::':\u00a7::z;'\u00b0 \u00a73s,{\u00a7\u00a5<}E1?E%Ej.?f5 $52.3" \u00a7%',%;::":\u00a7,.':\u00ab".:;~':;':\u00a7,Et;\u00a5\n\n \n\n  f\n\n\n\nPm}\n\n'\u00a7'Ir;.:1$ giggzaprsai :3 \ufb01\u00e9\u00e9szi :,::'";{%\u20ac:\u00b0 S\u20ac:\u20acZ'\u00a3',\u00a7\u20acI}\u00a7."\u00a7 _2\u20ac;{}A =i3\u00a7'E:::<:_t<';:::1a\n'\u00a7'a;x:; ?xr;:%;'_, $536313 ii} ai.'i;\u00a7\u20ac:'.i~~--S:.1;SiC__i\u20ac\": \u20ac113\n\n:}z'{\u00a7:%:\" \u00a73aS$\u20acs:i $335: iiiis\ufb01 ETEE', B8\u00a7}'\u20acg:3}0If\u00a7.E'v  \u00a7}f':.5% \n?*i\"m:'\u00a7'2\u00a333f8a\u00a71g\/\" 19539 dzatezi '2%~=:2--2{}ff}4 a::<f\u00a7_'=at;:2:'1fi1*;;{1. V' \n\niztrisr pasS\u20ac:n:..r:;\u00a7s3\u00e9@1:\u00a7\u00e9:* 7:3?' 'E:1c\u00a7:3\u00a71:.;\u20ac\n'EEK, Sgsazziai E\u00a5a::;g%:~2, B\ufb01flgai\ufb01fii\u00e9 * \"  V v '\n\n'\"\u00a7'hi$ \u00a7\u00a7\u00a7}\u00a7'}\u20acf\u00a37i\u00a7 iiavii\ufb01g' _E}<:\u00e9\u20ac37;* _h'5:a:*{i ,3\u00a7\u00a7::<?,  :}<i:"\u00a7%:2"\u00e9':3ci"' ,\nzmgzgizag aiz ft)?' \u00a73\u00a7"\u00a3}\u00a7}\u20ac}{1:'3_C\u20ac1\u00a71\u00a7\u00a717}f, <2? :\u00a7z3;'_<'ig7::%.;1<':\ufb01t;~, %;'E:;\u00a7;:%;' :\u00a7.a\u00a7\u00bb*,"\n\ngm\ufb01zxm KE'Zt%.\u00a3sR J; {%:\u00a7i\u00a7 E33; ff:j\u00a715f\u00a7 _\u00a7%3\u20ac3\u00a5\u00a2'\u00a7:%1\u00a7i;s: ';;I.\u00a7\u00e9{\"\u00a3\u00e9:**-~ $\u20ac\u20ac?;i\ufb01\u00a7'\u00a7 2543A <3?'\n\n32%: E\u00a72a{T:::z:\u00a7V \u20ac~}\u20ac:_\u00a7{ g\u00e9\u00e9fig.  ';~::i':?'01"\u00a3} ax agaiasi. *:'.E'1{~2\n\n{}f'*{i4i*:f  iiai\u00e9\u00e9\ufb01 .~2%%:2a2\u20ac}{3'4?__ gsafgs\ufb01\u00e9 E3}; ET;-E'E'3 E%az1g3;.\u00a7_\u00a33:'\u20ac:\n\nE%t;:<"\u00a7*:i:E:--T% " % \u00a33'; "\u00a75fi1%"'-.\u00a7\u00a7Q\u00a7}'g'E%:3;'1g,' 99 r\u20ac\u00a7:;:\u00a7.i\u00a71g '\u20ac10 ii\u00e9i\u00e9i\n8S$\u20ac"Tf$_SI\ufb02\u20ac}\u00a7 :1 ~s;f,\n\n2as.f\"E'-\".\u00a7f,\u20ac:':~-. 3\u00a7\u00a7S\u20ac$S\u20ac3{'3 is-3; sz\ufb01gageizi in i.3;':\u00a7: i:ms\u00e9:{:,<=:$$ sf\n\n .<:\u00a7;\u00a7'\u00a7_:.\u00a7\u00a72:;:;:?'f\u00a7i:=:g .\u20ac,',3:s.\u00a7'_\u00a7'e{:\u00a7 Saii\u00e9iag 5:, sgmi; s::s\u00ab;p{::\u00a7f"\u00a3\u00a7\u00a7'2g SE15: SEEEE\n\n2a::E':::\u00a7:g_":}:\u00a7:\u00e9r *m:\u00a7-siziazz\u00e9s\u00e9igg \ufb01zzyiigg {E38 as,:;3\ufb01ssme::\u00a7 yaz\u00e9aig.\n\n  \u00e9\u00e9zsg\u00e9g\u00e9ra\ufb01iaii szai\u00e9i $3333}, in {'f\u00a7\u00a7":i'a'T\u00a7.EfE"\u00a7\u00ab~"", \u20ac{{3;,ii;}\u00a7:};\u20ac;%"\u00a7f, am\n\n \u00a7\u00a7\ufb01{1??\u00a7_%'\u00a7\u20ac}\u00a7\u00a7}g\u00a7' \ufb01g' \u00a7:2:;;\u00a71:1\u00a7a{':\u00a7;:,::*\u00a7%: :3? ::;},:2\u00a7m:\u00bb: ;\u00a7sE8;\u00a7'23;\u00a3E} 'Ems\n\n:\u00a7\u00a7?.\u00a7E3{?:\u00a7i**\u00a3=*\u00a7 :3", E\/\u00a7';2;\u20ac\u00a7\u00a7:3'a':}a{\u00a7 fa}? \u00e9i \u20ac:\u00a5'E2}.'T\u00a7: af \u00a7\u20ac$.iZ\u00a7;"\u00a7\u00e9\u00a7;\u00a7\u20ac:}\u00a7{\u00a7Q{}f\u00bb :19\n\n\n\n"i'\u00a7':a:'; \u00a7n{\u00a3:,:s::"i<\u00e9$ L\u00a7_:\u00a7;i%\u00a7:{\u00a3. As par {:15 821:3 a_gr\u00e9:\u00a2::n::=*-2:\u00a7; that\n\n3.S\u00a7.\u00a7E\u00a7S?sf:E3 zizag QC}? m'*:?\u00e9t.%\u00e9:\u20aci ":0 \u00e9aai with W3.%,::\u00a7'1 aaieg"-\u00ab._f<;:s'f a.\n\u00a7;3\u00a7::iis:f2'm7%.i::{:\u20ac:\ufb01\u00a7%.'i = $1? \n\n\u00a7\u20acS.?;'\u00e9>\u00a7\u00a7\u20ac\u00a73{f}j~a Tbs, f::\u00a7$i:3$%\u00a7zg {\u00a7'\u00a7\u00a7CL'\"f\u00a7' 31%: u\n\n{:{}'z1\u00a7'&3\u20ac': :3? 233:'-3\u20ac:$33:'i'E\u20ac}\"E\u00a7, ;3\u00a7\"c\u20ac\u20ac';\u00a7.\u00a7:2g;;;js .. ?;.?':g:fi',  sf; \u00e9':\u00a7:f\u00a3\u00e9;\"rs.i; ::;.:r:5'\n\nEs~;,385\u20ac}{},i\"}{,E%:\u00a7;'\u00bb\u00bb '\u00e9za\u00e9\u00e9 '.r3e\u20ac=:':'T;{::3\u00a7<:\u00a7; *\u00a3<3""i\u00a7":\u00a7: .3;-:;T\u00e9s\u00a7?:?SV:\u00a7<c:\u00a7%..;;3%\u00a71 :1\u00a7.}\u00a7\u00a3~, \n\n\u20ac_:<}mpeiii%fi<m fee by "\u00a7f'i'E.an {\u00a7";d':=:$:2"i_e\u00a7, ";%\u00a7\u00a7\u00a7:1<:%: i:1f:\u00a7,a SEFCG\nXfemi\ufb01g' %2esh\u00e9.::f:h was \u00a77;'}:.%;;'1%.1f\u00a2'i\u20ac\ufb01ff::,E'7\u00a3'\u00a7 :j2x.gK"A\u00a7aE"aI.:1"'?i:'1T2\u20ac% gisieces\n\n1\u00a7-'$9353? g::a:*:: ai::\u00a7L'.;\u00e9aV.:*{iis3i  "%}__:\u00a7: .a;=::sessa':a ::;'1s:\u00a3 SE:-:{:::}:';;%"i;:"::W:a.\u00a73.r:e\n\n0.? fi:\u00a7'2:3E'.-.;}a;'*t\u00a7{:::\u00a7;=\u00a7:'5_Lj \u00a7_.;:*:\u00a7?._ 1\u00bb:2\u00a7\u00e9" rim: \u00e9szva\u00e9me Emaa \u00a3325" r-::3::iz.:;'\u00a7;;g\n\n\u00a7:.:~a<\u00e9\u00a7_::g aS'$z?f;,' ?:"\u00a7::=':--.::\u20ac}':jz:V;:e\u20ac?5\u00a7%;%.\u00a5;i<3:: 5:26 {:5 Rs::B3\u20ac}\u00a7i}8,{}i'}\u20ac'3f\u00bb ax-*z.%.$\n\n%:T.\u00a7*::%,:?\ufb01:z:":{%__   :%'1e;'?-3"~\u00e9.s'::.a:'::::\u00a7f:{: sf fix": ;3s8s:%5+;\u00a7s::{: 232$ ggazr \ufb01iff\n\n, ;i:;2e:e;:::s:ss?a';::.<::'2;4f\u00a7,"\u00e9:::f\u00a3:\u00a7;:::f :Tia"\u00e9:T$:E 22\u00bb E *\u00bb E@\u00a7$\u00bb{;%::::2\u20ac:x:..::*\u20ac:~\u20ac:;.\n\n r\u00a7\u00a7\u00a7;\u20ac}i%z:a;r'{is \u00a7,13{><:\u00a7a%':\u00a7.%Eg 311?: ..5\u00b0;};;%;'$;\u00a7:\u00a3'f:=;% "sf\n\nRs,1\u00a7':{}\u00a7\u00a7}{}.,<}{}\u20ac}f\u00ab waa \u00a71\u20ac';W%\u00a7;E"{\u00a7$3 5%:-5:  T'  V' \n\nRSV };\u00a7,\u20acZ.}\u20ac},{}{}{};'~\u00ab _g;&.\u00a7z:\u00a7 \u00a7f{"::wa:'{\u00a73 \u00a7;\u00a7\u20ac3v;\u00a7E\u00a7\u00a77.\u00a7:_E'iz\u00e9:_: --:\u00a7::z:_{$:.\u00a7\u00a7\u00a7*' '%z:2\u00a7:'f;\n\n\u00a7\u20ac\".'.\u00a7\u00a71i\u00a7i\"E.{i'{'i 4::-:{:E<: iii'? \u00a7%.'z:?: ;%$:~:5:$-$.\u00a7:";g  %{\u00e91:\u00a7'--..\n\n:"\u00e9i<:an8\u00a7{\u00a3\u20acmt\u00e9.o:1 anti ::%as:%'E'\u00e9f\u00a7,aE:\u00bb:"\u00a7, \u00a7.\u00a7':.~=f:  -\u00e9\u00a7\u00e9.::%%.iE\u00e9<}:1 4:}?\n\n\u00a5\u20ac$.QG?{}\u00a7,\u20ac}{}\u00a3',\u00a7,f- ::':;:~.1{\u00a7\u20acV-._ E33,-_'  \u00a7}z\u00a7<5 :3i \u00e9':.~'::\u00a7$si;m\u00a7 ?{7}f\u00a7'i<:~.:?:r by\n'zwiciing 3?, as \u20aca\u00a7}\u00a7'f,8.\u00a7 I':-\u00a7_::f_<~,="%Mp:i  1";-'---:'s\u20ac:T '\u00a74"i'z"Ia'_;"\u00a7_i\u20ac?: \u20ac02" \u00a7:1:::<:=m<i: {sax\na\ufb01ii \u00a7\u00a7\u00a7\u00a7\u20ac}':P\u00a77\u20ac\u20ac_\u00a7  3f\u00a7f3\u00a7:::::aE'  Ejr .v:V{"Ir'\u00a7"\u20acji'a':i'i'..~: aia\u00e9i\u00e9iii 3;}. T43- 39?}?\n\n{\u00a7%12\u00a7:s_:xI_:\u00a7*\u00a7:\u00a2\u00a73::;_' ' \n\n T\u00e9iz\u00e9\u00e9 '.:"'::iW;\u00e9%if;'aT:;::\u00e9"v\u00e9g\u00e9ii\u00e9g \u00e9ggieyad Es}-\u00ab-' '{3::<:%r s:;z\u00a7:\u00a71\u20ac--:~ \ufb01ie\ufb01\n \u00a7;\u00a7_;3';_}=z:;iE' ff\ufb01fifgiilfff- 3:*\u00a7'E.if\u00a7"3:\u00a7f\u00a7'*3\u00a7}\u00a7E3\u00a7"E\u00a33\u00a7V 'E"if:<i: '\u00a7':"\u00a7Efmz:;32 \u00a7"\u00a7%}<ee::\u00e9:e:\u00ab:i\n\naha V.:f\u00ab_2gi;ig:e:ta.'\u00a7"\u00a7_'%::;\u00a7.  \u00a7M\u00a7;1\u00a7: :%a'::{:\u00a7z:T:\u00e9: E"1<";\u00a7{i\u00a3:m_\u00a7; aim? %;E':.i\u00a7 a4zn{;2s:'::"\n\n  <i:2\u00a7"E3\u00a7:::;.:2{f3,\u00a7}\u20ac}\u00a7\u20ac}\u00e9\u00a7':}\u00a7%..._.ggaia\ufb01 3:: \u00a7"'\u20aci$\u00a7.\u00a7'\u20ac~'i?;\u00a7"\u00a7 me :\u20aciE\u00a7E~\u00a7\u20ac3S\u00a73\u20ac1":\u20ac {mm\n\n\u00bb \u00a7":{2\u20acV{,:<:%;:\ufb01:iE:.;{:\ufb01--:f:g 33% gaiai %:3'a.,\u00a7;$\u00a7m:;<;:\u00a7 fag' E8 3-~'&.:2;\u00a7*$ \u00a73{a::%:'\u00a7 3%\n\n .{:g;':;\u00a7i.a*\u00a7  'f\u00a7.'1.iT\u20ac1i\"\u00a7\u20ac'.\":V\u00a7::f;2'iI.. am'? :::\u00a7:\"2f\u00a7m'3.\u20acs\u00a7 '\u00a5:.\u00a7i;<~: <.}r<E\u20ac:r 52'?' \u20aciE'F{\ufb01} 3:i.:\u00bb\u00a72\n\n{:%\u00a7\u00e9_:-3:' V__;:\u00a7:';:.'\u00a7i\u00a73{"\u00a7A: i\ufb01r\u00e9\u00e9m-'2{,'3{}Ti {;%m2\u00a3:}:z..:r\u20ac-\u00a7'a}\u00bb 'E{'h\u20ac "?"\u00a7'\u00a77\u00a73:1:1a\u00a7\n\n .'\u00a71\u00a7\u00a7"?E}z\u20ac:?\u00a7'__Atfi\ufb01i\u00e9i "SE23? g\u00a7'%,3'\u20ac\u00a7\u00a7}E': ;i'3:3{2'; sf {he \u00e9wi. \u00e9aad h\u00e9\u00e9ag\u00e9\n\n" \u00a7;':_\u20aci*\u00a7:{ET:2.<::z:\u00a7. ?\u00a7}\u00a7; Finance ACE {if \u00a7.<\u00a7\u20ac"\u00a78 ayigi '\u00a35;-"E13? 3;\u00a7\u00a73l\u00a7<:aE:yak:\n\nv'\/\\._"x..\u00ab\n\n .5}\n,,\n\n\n\nMN\n\nfi"mm {$26 \u00e9ESS\u20ac2S\u00a7\u00a7E\u00a7E\u20ac*:Z'\u00a7? fffi\u00e9\ufb01i' \u00a7_\u20ac'%\u20ac%\u00a7\u00a7~<}?} <::":1a:a\u00a7*\u00a3i$ a2":a\u00ab:1',_:"*;:;$:T in\n\n\ufb02i\u00e9ii msessznerzi.  in <;u<=:st%<}\u00a71 iii? 9:3~\u00ab@\u20ac\u00e9\u00bb \n\nSi Fae\u00e9ixzg agg2%*ieW:d {ha f\u20acV\u20ac}f31}.\u20ac":H\u00a7:}:uEi'3  fiiig \n\n\u00e9zyggtzai :f:::e:":!;s~?:\u00a7:{\u00a7i:1g iim\u00e9. f\u20ac}\u00a7}es.\u00a5i;;:g; $_:_:;b3%:1:'1\u00a7.4ia\u00a7._q:..1@S'{\u00a7Eg}Tnf,;\n\nsf Eaw azi\u00e9ge far COE1Si{i\u20ac\u00a7'8.ti{\ufb01"i_  :::_n %3;i;::,  ':\u00a7;2e;:\u00a3\u00a7':.4 gziii,\n\nc\u00a7.:'c:_1msEancs:s: _ . V _ V _\n" {$3 Wlia\u00e9z\ufb01ze\u00e9" :11e'3;;;:;;i}::1\u00a7a"\u20acI:'=: ..ai 1t,h<\u00a71"i\u00a7:i$s\nWEE: {":o:*re:::\u20ac. izi; '3<:01{\u00a3i:%1g1_ 333:.' L&..:\u00a7L1m <5? R3328\n\n\u00a7_aki{;.$ \u00a7*<~:<:\u20ac\u00a7*<m::\u00e9.%'\u00bb.:.\u00a7\u00b0rm:s Ei}\u00a7}3 Titan \u00a7;':<'i::$Eri.@:s\nE-...,_i_:'*\u00a7.';\u00a7:'is::{*_E   '{T\u00a7i.3\u00e9E;E"{.?: aiarm \u00e9ime 93;:-?:e::<::\n:__:.:"\u00a733E*.\u00a7'* VvaE\u00e9;"::"\u00a7g   p\u00e9ag\u00e9\u00e9i 5232:} \u00a7E:a{f}3:\u00a73:E\u20ac\u00a7['\u00a7\u00a3\n"g;{;\u00a7<\u00a7{\u00a7a%;r\u00a7.\u00a73AA v_is:%'=:::'.".:,.;,  :%:E":\u00a7}1;Ed; E36 \ufb01saiia\u00e9i as a <::an\u00a7.)\u00a7%:\/3}\n\n'  :i':*\u00ab';z:&'\u00a7\u00a7i. $3; A \u00a7\u00a71%:\u00e9  gama shauiai E36 %2"'\u20ac:9.'\u00a3.:\u00bb:*e:\u00a7 33 ga\n  _  race\u00e9gyt as he\u00e9ti bf; thee awesgijmg\n\n' ?: V'\n\n. 4' {ii} "\u00e9Vh\u20ac:\u20ac}';5:* \u20ac316 Ei$S\u20ac3SS\u20ac\u20ac whi{:h was;\n%:9;:*:"'\u00a7\u00bb'\u00a71:g an zzzi\ufb01z\ufb01er \u00a33?' :7\u00a33'i1$i}'"if:i$S gzcii\u00e9siir\u00e9eg Eza\u00e9\n\n.' \u00a7z"a\u00a7::sf\u20ac::.'\u00a7'\u20ac:33}? {B126 szzc\ufb01 ::;:\":%'\u00a7%'\u00a7'i.fg 3:333:\nz'\u00e9:;<;%._1\u00a7'*{.%E:g $23 {'3\u20ac\u20ac$sE\u00a73'\u00a7.'.\u00a7.{}\u00a7'E <3? '{h\u00e9f $53? <3? \u20ac536?\n\u00a7i}'\u00a73\u00a7\u00a7\u00a7;":\u00a73$S 35%;' {.TT\u00a7"f'i\u00e9%.?i\u00a7'}\u00a7'; \u00a33 Eiasgs; sf z"vE1}.\u00a7;' \u00e922":<h\u00a7r'?z::3g\n\ni_4:'=:.\u00bb,:\u20ac:\u00a7\u00a7\u00a72\u00a7; :2:~;&:\u20ac:\u20ac'4 szazizzi \ufb01"if\u00a7E'{'f\u00a7{}i'\u00a7E EE'\u00a7:\u20ac\u00bbf: :'\u00bb;%,::\u00a7: :1? \u00a7?;\u00a7\u00a32{}\n\n2?\n\n\n\n5%\n\nEai\u00e9fg\ufb01 Ei\ufb01if\u00e9 <:<3:3:;3\u00a7:%\u00e9\u20ac,\u00a7<3\u00a7: {ea gtrazmist, 7% \u00a7i\u00a7'\u20aca%Z:\u20ac\u00a7{3. \n\nas 9:3: E31523 220: i\u00e9ai\ufb02fr ii} 3,91%?"\n\n*1\n\n\u00a35}. \ufb01fe ,'n&.'v\u00a7~': %:\u00a7:a:'{\u00a7 $r.\u00a7,\u00a7.:\u00a7\ufb01\u00a7 fS\u20ac:sET;\u00e9i\u00e9\u00e91:1\u00a7'a,, \u00a2\u20ac;\u00e9.3.*;'1<;**;\u00bbi_.E" V'\n\n\u00a7\u00a7\u20ac"7i3;E\u00a7.{T\u00a7.E' S*:a.\u00a7":d\u00a7'%:g \u20ac<'::.:;3::s\u20ac\u00a7 fiat *:.E';:e;;\u00e9  Z"_%:%r"\u20ac\u00a7\u00a71\u00a7,2;?:\n\n$;*\u00a7.\u00a7}\u00a7z:r2::3':\u00a7;\u00e93:";j f\u00a7:~%a:*\ufb01\u20ac3:;\u00a7 '\u20ac\u00a7i:%*;--1':\u00a7\u00a7\u00b0 i\u00a7,'3:}\u00a7.1:':$\u00e9E .5\/:z::~;S:-*:"s%:'s\u00a3:%:5\u00a7\u00a7 %s\u00a7,s* \n\nEizfga 7\u00a7v\u00a7.'*~\u00a3a:2\u00e9 50;' \u20acEi::~t z'e:i\u00a7;;g{:':3<f\u00a7{:\u00a7:\u20ac._ :\u00a7$$<%f\u00a7;\u00a7:\u00a7i:.,\n\n'"21. 33%,MaE2".Ss::S%?:a<:.%:a:;\u00a72:;."_::<f%:i:\u00a7:\u00e9:\u00a7;%\u00a7::\ufb02_'\u00e9iifiaz *::%::n::L gs  ';:\u00a3sf\u00a72r;*\u00a7+s<::::t;s:%.i'\u00a7:\u00a3z1 fee} %:\u00a7\"a: _3_;%ses\u00a7see in 33\u00a2: \u20ac.f{}U;\u00a7T'S\u20ac\u00a7 5:?'\nEausiiza\ufb01g \u00a33-\":16; E; E333 Er} be %;\u00a7\"::afz.e:d 23$ \u00a7\"\u20acV\ufb01:%E1,'i\u00a7%\n\n\u00a7'\u20ac3\u00a3?fI*\u00a75\u00a73'? ;?::1::t\u00a7.\" E3: i\u00a7'%_E \u00a7\u00a7'}{}.E\"'f, E32\" i\"\u00a7i\"3\u20aci  ::x32\":*:\u20ac1\":t:\u00a70:'3; <,:\u00a7;aus<~: E5:\n\n \u00a323"~'\u00e9f;?2e?-I"::2g:*i\u00a7:::i1\u00a7zi:: 333$ %:::.\"a:\u20ac:$\u00a7:\u00bb::\"-  \u00a7;{,;\u00a7 \u00a7'\u00a7gE\":\u20ac;:z*::\u00bb;\u00a7si{\u00a7g Ea? 2%.-7&3: h\u00e9%;\u00a5{f :23 zi\u00e9\u00e9a\u00e9zzgg '%%f\u00a7'1E}\u00a7T${\u00a7\u20acf\u00a5\u00a7if\n %s;\u00a7.\u00a7\"\u00a7; \u00a7'%f\u00a7;\u00a7\u00a7.E'{\u00a7 iii} \u20ac15??? \u00a7;a;\u00a72\u00a7$$ ififfi, 323:;\n'%';;%;'\";{T\u00a7;a%:\u00a7\"\u00e9',;\".:\u00a7::\u20ac.::~;\u00a7 \u00a7:E\"::i\u00bb:\u00a7', %2:i_%;E'; ::'::f\u00a7%:\u20aci; \u00a35032\": %;':\":s:;-E. s::\u00a7:2\u00a7'.5: a:\u00ab\u00a7:2\n%2;E'::\u00a7::\u00a7\": \u00a7_';a\u00a7=*:f:.:\u20ac:%;\":E,. 3? f\u00e9g\u00e9 ${'::\u00a7\";g\u00a7s:?\u00a7;:*::*2;;i:\u00e9{:;:'\": \n\n\u20ac7\u20ac}E'iT\u00a7\u00a7}\u00a7{_3\u00a7{%{'\u00a7 $2.3 E':i;3\u00a7'\u20ac:\u00a7:2 \u00a7.}E'{\u00a7'\u00a7.3\u00a7{\u00a7\u20ac',3{\u00a7\u00a7 E: ii-'\u00a7\u00a7 imf:\n\n\n\nEi.{3{\"Z\u20ac:?\u00a7:3\u00a7\u00a7 $2}? .}{:':{>%: \u00a7\ufb01:{}'w 5'}? {\u20ac\u00a7C\u00a7'}EE{}\u00a7{}gf{_ \"\n.\u00a7<3\u00a7\u00a7a%3<)ra%9I'8 far 315 1:';53'3.%..:.fa{:\u00a7::,::\u00a7'\u20acijZ\u00e9ai\u00e9' :'s{\u00a7f: \n{3z1ar'\u00a7:I: \u00a7'i.,Ea,F::; Eimzt \u00a7)\u00a7\u20ac3\u20ac\u20ac'3:'i\u00a7 s;;:2'\u00a7:%;\u00a7%f.::\u20acE' ~;::%\u00e9\u00a72:\u00a7gif'i\u00e9::.\u00a7:'i,"s;\nsmasi a\u00a7:%:";a:} itlhzai: E3 igsi\u00e9i 11:3,: \u20ac:E:\u00a7f\u00a7}sf:*\u00a7&?_\u00a7\u00a7g3'i \u00a7.}s::%.f\u00a7:\u00e9 . T \n\nWEE}: '\u00a7'\u00a7\u00a7&i:*r:::a:%\u00a71<:*\u00e9;-sea i;'<;:'* 291%. '_\u00a7i3 \u00e9:*r\u00a7<3 \u20ac\u00a7f.__ 3;\u20ac%{f\u00a7%::*:V}'~--:v\u00a79%:2=\u00a7:'$\n%.'m:::\u00a7;:3::%*:\u20ac\u00a7aE.:\u00a7:9"    h'  \n\ufb01srt \u00a7%T:r3:h\u20ac1" {){T\u00a7Z':I\u20aci'\u00a31\u00a7;f\u00a7 {iI1E3=\u00a3\u00a3\u00a7". .'{\u00a7:':i%; Va$;\u00a7%?:$;\u00a7\u00a7%\u20ac: haci '\u00a7':u\ufb011E3\u20ac1' if\n\n<\u00a7\u00a7v%$\u00e9,<}:':$ \u00e9';\u00a3.iE{3; ii 25 :2r:i'jgf_\u00a3\u00a7:1\u00a7: z\u00e9jzx\ufb01gi :i-;'as,, '~\u00a5:\u00a7j;1\u20ac: *:::':i*g. %;}:1s_a:.\u00a7: was\n\u00a7\u00a7{}\u00a7\u20ac'\u00a7 and s:0:'ia\u20ac,\u00e9:j;;<\u00a7s \u00e9\ufb01a\u00e9ii \u00a7'::i.i:*?\u20ac:._::{\u00a7:::\u00a3:--%,\u00a3\u00a7'@raI3\u00abst;. is mzzemze\n\n\u00a7'\u20ac*:<i?\u00a7\u00ab:E\u00a7l:f:'. \u00a3\u00a7_\u00a7;f'\u00a7. j\u00a3\u00a7"':z% <i\u00a3:{:i_:~f=;i_c):1 3:: E\u00e9sz\u00e9\u00e9 zizsiitifzz' 9%'\n\n'E":3T\u00a7_:"\u00a7, '?:~23::V:L4_\u00a7':":%:\u00a7;{:%V:\u00a3 {."f\u00e9z.":'\u00a7:.z;\u00e92"'a \u00a7%fs_:\u00a7:E{E_jg; 'Q! :3 \u00a3<\u00a7[\u00a7z3,"?. ii'f<\u00a7m;z::", {T}? F?\n\ngsa;--:;%\u00a7;;:\u00e9::r:::\u00a7 in {'2':'i%{}V5?V} 2% ; mi': aw.\n\n"  _  ,.'\u00a7%3'*\u00a2\u00a7*  zits\u00e9igira 'i\ufb01\u00e9i \u00a7\u00e9:;3,:f\u00a7\u00a73:\u00a7\u00e9 \u00a7\u00e9::':52<\u00a73i <:<:2:.2m's\u20ac:\u00a7;\n\n%?f\u00a7\u00a7E\u00a7a:*;\u00a7:i\u00a7;;i3,_z'_:; \u20ac{}\u00a7'.i\u00a7'\u20ac%\u00a7"\u00a7(\u00a7;":"; \u00a7.E";.3'i. ii. E3; 52. Em\u00a7\u00a7\u00a7}s'::;':z \u00a33..%}fiG'z.i\ufb02'\u20ac.\n\n :,=2*'?.1\u00a7_{:_5\u00a7:_.\u00a7:';;\u00a7s @365: paid azzsz\ufb01; {:{m\u00a7\u00a7:1{\u00a7.s Eihat t\u00e9iis \u00a7'\u00a3Z\u00a7'\u20ac\u00a7\u20aci\u00a7E Eiazs\n\n -3::  ?;E';\u20ac': _E?z:~\u00a7;a:'\u00a7:?:mz:\u20ac', {:3 &$\u00e9:ab_Eish mix fact  is: EEEE':\n\n   gsi;%.3ssi\u00e9\u00a7"2z:\u00b0a:: $32." in ii: $\u00a7':a\u00a7%'a\u00a7 :\"\u20ac:{:&\u00a7pi:.. Es: E'E.2I*%:,\u00a7\"2:=:\u00a7' :::\u00a72::3:z;:<:\u00a7$ \u00a7\u00a7':3;_\u20ac:. E? 3%:\u00a7,:\u00a7,':Es:3_\n:"'*\u00ab \n\nIf?\n\n\n\nha: \u00a7\u20ac\u00a7{}\u00a7<;'\u00a7f{\u00a7 i:':\u00e9<': \u00a7\u00a7*<:\u00a7:': \u00a7T\u00a7'i\u00a7{'f< \u00a7;::;\u00a7.n\u00a7; m7g\u20ac%:' :\u00ab1:2.\u00a7\u00a7 za\u00e9zsm\n\n'\u00a7';1i\"\u00e9'\u00a7\u00a7's\u00a7\u00a7 %z:\u00a7<:=s E\u00a7\u20aci\u00a7"':f"\u00a7{f\u20aci S{%:<'f:.'2{,\u00a3% 0? ii."i<mtrac\u00a7:" \ufb01:<:'\u00a3,  \u00a7'Ef\u00a7"~_%_'\u00a7\u00a7E:\u00a7\u00a7{'3\n\nai:{\u00e9:'zff\u00e9\u00a7':<\u00a7;$ %i,E':a%': ii is 3 \u00a7s..:3":2'\u00a7\u00a7$;:1::: gm;-?::3\u20ac:3':tT \u00a7.:%\"$;~3E::' \"e-if' azs\u00e9fiia; \n\n\u00a7fi\u00a7'\":\u00a7'\u00a7 sf 'ms: \u00a7\u00a7$S\u20ac7fE'\u00a7E\u00a7{%\u20ac :e:\u00a72:i \u00a3:%f:5::\"{--': V-:\u00a7i:~?:\"\"::*=.:; .%\u20ac\u00a7f::':\u00a7_.:%\u00e9i:.-iim \n\nagemtjgs.\n\n5%\u00bb \"f\"\u00a7T;<--*: \u00a7{3\u00a7EG\u00a3'i7'\u00a7\u00a71\u00a7;\u00a7 \u00e9iEE\u00a7Z\u00a7'l{}?T\u00a7\u00a7 f\u00a7\u00ab\u00a7%$ gzm'-.:f\u20ac3i;i::\u20acf\u00a3'_: :_:\u00a7;<}':4:"T:3\u00a7;' $16 V\n\n&SS\u20acSS\u20ac\u20ac\u00a7.\n5%} <3? \ufb01fst 5-mg;  {was}; :55. \u00a7*:'\u00a7a\n <32    u  \n  T:f:%;%: E:-mzassz m: (as $575; mfg\n  maze; 39:32: pat: 33$;\n  <\u00a7"?3':% \u00a7E':di%i{:s\u00a7: '%.z':}i E '\u00a7.E\u00a7\u00b0:,.1$%i?a%'%33}.  'e;';'$ %7\u00a7z\u00ab2r:\u00bb3$2-*;'\u00a3::'\u00e911i Z\u00a73\"s.:bi\u00a7c\u00e9':i.5:$ ii\ufb01\u00e9\u00e9i\u00e9\ni 233 E??? 25;?'\na;:%.\u00a7\u00a7\u00a7 \u20ac}\u00a7r:<:::*:2\u00a7 E---E::2'\u00a3:,\u00a7*:\u00a7s3 E323?' Sig? Eff S {f3\u00a7'E' {_.1<\u00a79'\u00a7%}  \u00a7'\u00a3'\u00a7?\u20ac\n\n"}\u20ac'}\u00a7 {SQ\n\ng}?__::} a'.T'fE"\u00a7" '-3;'; 3 Sz.\u00bb32'\u00b0:*g* {'f{}Ef\u00a7\":*\"*Ei'Z'ES%\u00e9%fi\u00a7=:Z'}E\"\u00a7. 2\u00a7?%';i_a\u00a7': \u00a7:1':z;~::='~;  \u00a73\u00a3\u00a7\u00a7{\u00a7\n\n \u00e9i\u00e9irsg'  'ii? :'*::~:fm\u00a7.:'; \u00a7:*a}z;:\";:  <3': %;'s;a\u00a7.;':\u00a7:s\u00a7 gag\n\n .\u00a7i:a_z3;'3;'_~~{:\u00e9::\u00a7z;_\u00a72\u00a3%\u00a7:\u00a7i:\u00a7{3:':; \u00a7%5\u00a3?:  .;:'\u00a7::;\u00a7;s<3{:'i. if %::E':@ '%}iE}\u00a7\u00a7_i E};  %i%\u00a7f'sz~'_T":\n\n;\u00a7:;\u00a7%,z2:%: 9%' a:::\u00a7\u00a7}\u00a7%:a,\u00a7 \u00a7\u00a7:<:e%;:E. <32" :'\u00a7::z\u20ac:T:z::: swzata-*;\u00a7;\u00a7;E,V '\u00a7";':2<\u00bb*:\n\n\u00a7~E:*:::";'%s\u00a7s: \u00a7;\u00a7's::g3r=z:\u00a7;3s: g\u00a7:\u00a7:\u00a7\u00a7:3;g; %i.':f':%.3 ssza\u00e9zi\u00e9 \u00a7~;':\u00a7f%Z~'Ei\u20ac\n\n'gj;2s~;}}V%\";;.\u00a7;2f;3!   ,\n\n\n\n10\n\nin the ease of Gillanders Arbuthnot and Co.L-td Vs.\n\nCommissioner of Income --'E'ax, Calcutta \n233 held:  k  \n\"That if the pro\ufb01t  stI'11ctu:t:fe'\u00abc_\u00abf \nassessee is not affected   \nsuch a transfer Woijldnot'-jxivo1ve'v:'e{\ufb021oss 'pf\nenduring trading   \"  the\nassesses of a  to\ndevote its energes  \u00a3; a..*;ce1Ia\ufb01on to\ncarry 013751136  The income\n\n     and would\n\n e1:=\u00a2a;\u00a2;::;\u00a2\"s ' ' 4   - V\nThe tesi.s_ %t\u00a3>  'A'ado'pted are enumerated by their\n\n \"--'th_e__'.vsaid judment, examining as to\n\n Viwhethers  compensation paid by the Principal\n\n n' ffofveanoellation of the agency may be regarded\n\n as \"  receipt or revenue receipt. The Hozfble\n\nV' '5_\"' AAeSii;:\u00a7reme Court held as follows:\n\n\"Examining the circumstances of the present\ncase in the light of that principle, we agree\nwith the High Court thai that was received\nby the appellant was income and not\n\nW\n\n\n\nEE\n\n{::a\u00a7i:i\"23. C{}EB\u00a7i{f}T\u00a7S&\u20aciG\u00a71 reareiaieai E2}; \n:\u00bb.:\u00a7sp\u20acE,\u00a7a.\u00a71E W33 fa-1' ca::.::aE1af.iar1_ 0f the \nixgh\u00e9ch was i:r2\"m.iz:.a%3i\u20ac at w\ufb01l, \"\u00a7'he   \nwas is; 336: park}. em ammmt which  {;> *'i,:'\u00a7%\u00e9' '\nitatngiu\ufb01\ufb02i \u20ac222': {ha basis {:s\u20ac.\u00bb.\ufb01:;\u20ac 'fs\u00e9f \nE)E:;S\u00a7\u00e9E}ESSw \u00e9fizciag\" {he  \nE94-22 3.11%: agipailaat. gangs  E8  \u00a3333'. \u00ab.\n\ufb01gs? \u00a7\u00a77m:\u20ac*: p0$%~tr'gI2sf&r_  if:-\u00a7\ufb013fV:'4'\u00a7\"\";\ufb01'\u00a7'\u00a7*.t:\u00a2v1\u00a7'VV{\u00a7i\n\"ihe commissiezz  5:3: ;ic:Ei1a.1._::;a1z:j\u00a7\u00a7 in\n\nthe Eerritgry ' the .'VAVa.\u00a7:>f;\u00bbI.1\u00ab:A\u00a2.:jTLi}:aV_:3 S . .age_:1C\u00a7;-4 \u00e9ak\ufb01n\navg: 133; the  \u00a3\"ih_\u00a7\u00a7::i.}c3\u00a7 =__\u00a7nc1ustri.a3\n\n{3:1di3}_'\u00a3;J:d,_. 3:16:11' c{\u00a7m:ni$$io:i. tz\ufb01 ER: computed\n\nat {$16 };%~1~'::3:3:.C;f \ufb012mj.\u00a7si\u00e913u 31.:e;;*11:::r.e1*i\u00a7r paid to\n\n 'i%,::}p_\u00ab;e\u00a7;\u00a7haV:x1t:_:V.';:\u00a7;s\u00a7 _ that in 'the thirci })(}f:'sT.*~\n\n _\u00a7:g4j'\u00a7<:ri13{:ipai cgmpan}? was 1:0\n\nggggg\u00e9 _\u00a7i\u00a7?eit_ ::\u00a7p'p<\ufb01i\u00a7s:}1: in mi ziifiztm a 3:113\n\n' V _ \u00a2{\u00a7:..\ufb01.v.aA,\u00a7V\u00e9f\u00a7":%. t\u20ac; 'fz3.1.1 cszmmismian an the Saks far\n\n, %Ia'::.:;\u00a7\u20ac. :;\u00e9:\u00a7:""\u00e9'iE\u00a7E:ctLici Er: \ufb01x-5: a\u00a7p2::}.\u00a7a11't's\nA   graicz\ufb01atcai at the same rateg."\n\n ,\u00a7f\u00a7'\u00a3\u00a7:\u00a71$i}:i\u20ac Sugrema {'iz;mr': 1'\u00a7f&m*\u20ac\ufb01 :0 {E263 \u00a7a:13\u20ac:1\u00a7\n\n H r\ufb01zii\u00e9\ufb01f\u00e9zi by 'aha acwari\u00e9inata E\ufb01fi\ufb01h ($17: the Sama 335; 511\n\n  case Qf _\u00a7{\u20ac%\ufb01\u20ac2:;::Ei B11363 .a;ne:\u00a7 {3(}{E..4\u20ac{\u00a79, '-55;'\n\n\n\n;w...4r.\nf ,\n.g\n\n'%_\"\"E\"s; 3:363 \u00a7:f{,:3\u00a7E\u00a7}}{f\u00a7\"\u00a7E\u00a7\u00a7,i'\u00e9iii\ufb01\u00e9i if .\u00a7;z3;i{\u00a7 \u20ac{>war<\u00a7:\u00a7'V.'.?:.'\u00a7;ai '\u00a7;<:.\u00a7:;s"\u00ab \u00a7f\u00a77\u00a7\n\n\u20ac':s2\u00a7,2%'\u00a3.:es\u00a7 fri$S\u20aciT E3: azs\u00e9i\u00e9 aiz\u00e9akzz\u00e9\ufb01 11:: {::zg.\u00a7;:\u00a7"\u00a3aE ;;"s-1:\u00a7v:=iVA_T2('E3 213$: 9'\n\n:;=\u20ac:_';F1<::':" \u00a7":a:\u00e9ai\u00a7 ii.' '\u00a7;E';z;?: \u00e9saz\u00e9zf\ufb01 &.Ii'\u00a7'E{}"\u20ac,2i'?\u00a7::  \u00a33 \u20acI,i';:::{\"\u00a7:.\u00a73'f.;s;*\u00a7*:*};'\u00a7:9ig\n\n0:1:  ':*;:,:$\u00a7'\u00a7;\u00a7:$s: _\u00a3\u00a3{f\u00a7f\u00a7\u00a7'\u00a7\u00a7if%;\" 51:? \u00a7:%3\u20ac: \u00e9':;.:;\u00e9::--:sSit\u00a73 ,T??%Z:if:.\"\u00a7: '\u00a7\u00a5\u00a7*j;.\u00a7::':sE3%;a\n\n'*'\u00a7:<::  i5\u00a3{}i\u00a7\u00a7Ei\u00a7 Em <:\u00a7<\u00bb:'=;}\u00a7;L?\u00a7:.\u00a7:%:*9{\u00a7:1<:E.$ fez' 3\n\n\u00a7;s:%3*'\u00a7{:.:'\u00a7 gs? _ 1\u00a7:V{\u00a7 _-}'{\u00a7&\u00a7i*3 a\u00a7%E'z\u00a3:::%':_ 251335 \u00a7'sV@\u00a7:':{\u00a7\u20ac \u00a7~'\u00a7.\u20ac\u00a7\u00a7?E\u00e9z:g :15; am\n\u00e9:\u00a7.$:'~;'e%Ei*3Sf:fi _\u20ac'Ei;.j;.:::'~; _:\u00a7_":'::.2::: $213 53:?' \ufb02ies': Erz,2::';\u00a7r:\u20ac:33\n\n5 ::i'\u00e9i:\u00a7%:j\u00a7; %},%;;::\u00a7.%; '2-\u00a5s'3.\u00a7s__ 5:31;-L.;"':'\u00a7~:?iL*:E 9:': ':'}\u00a7.=* E.%i:<:s :\u00ab3\u00a7-%S{'.'$\u00a7\u00a7EE\u20ac3 ii: 333$? swig:\n\n <;2:__::e5: \u00a7"\u00a7:::i?;...\u00a7Z%::.:S \u00a7'E:\u00a75::*{3 $533 3:} \u00a7{}S$ <2? %,:*a:ms\u00a7'\u00a3:z\u00b0 <3?\n\n' ,%::,\u00a7?":';::.s:\u00a7\u00a7:?;V\u00a7:*s5%v'::s\u00a74'\u00a7;%:\u00a73'Ef= ii \ufb01gs iE.';\u20acT'3{"}X\ufb01\u00a7: 3315?; 3;\u00a7$\ufb01S8\u00e9'3\u20ac"E s::@:'\u00a7Ei\u00a7'::,.:<:::_\u00a7\n\n\u00e9;?i%:'\u00a7': E25\u00bb; \u00a7;i%\u00e9;j_;:%i%;,$\u00a7s 8;\u20ac3'ii\u00a7'i?,%:\u00a7\u00a7-1 E\u00bb:%%.%:":<:s3, E'; 3333 '\u00a7;::: 3%: %:::E<\u00a7 \u00a7E'}\u00a3\u00a7\u00a7T\n\n  V' 222:; ..\u00a7"\u20acfE'\u00e9?\u00a7%,.Z\u20acE :'\u20ac<:\u00a7:i%\u00a7%,;  3,;\n\n\u00e9fi\u00e9" :=;2%';;;:.%:":\u00e9\ufb01 Q? E$,2G,\u00a37\u00a7\u20ac%\u00a7\u00a7\u00a7{}{\u00a7j\ufb01 \u00a7"<~=:<:%,2\u00a7'\u00a5\u00e9:~:{\u00a7 E23? {E16 :2\u00a7;\u00a7:.a\u20ac:\u00a7$:-2%:\n.. f\\\n\n1.<\/pre>\n
..\n<\/p>\n
M-\n<\/p>\n
E. is S3? $am_\u20ac”2ga:iz {7{‘\u00a7.\u00a7’i\u00a7.’,{:\u00a7\u00a7f’}{\u00a7S \u00a7’,\u00a7f:z;z\u00a7 :\u00a7;f3.\u00e9{i }1:c\u00a3ge}:2\u20ac:{\u00a7\u00a7. .%$<\/p>\n
:”2e:::% \u00a7\u00a7%\u00a7fZ%\u00a7\u00a7\u00a7.\u00a7{.’i\u00e9i\u00a7’}\u00a7f’: ii; i:\u00e9”::’::: fzg\u00e9rm\u00e9 sf abs: <:s;\u00a7\u00ab';:: ii}  :33<\/p>\n
\u00e9Ei*:\u00a7:%2=a  mas: %'T<i:\u00a7*\u00a7i:';iz::a':io3f: :3? agemzfgx s.2:';;<';'  \u00a7a.:\u00a7*'i;:E5':j\u20ac-:<9 : '–:$;'z\u00a7"E* <\/p>\n
:r;':<':<:{:'::,:'i:'\u00e9, Sf \u00a7;ra:Q;%\u00a7%:r \u00ab:3? zi\ufb01\u00e9i: 312:6  Ezzzz\u00e9 '.*{;a\u00e95'z\u00a7\u00a7'\u00a7E:ir;'*:\u00bb:::\u00a7V' '<\/p>\n
wE'1.i.c%1 in \u00a7\u00a7\u20aci"%,\u00a7 if 12:: \u00e93\u00a7\u00b03E\u00a7\u20ac?:%\u00a7\u00a7:3\u20ac'i\u20ac? Eaqi1'\u00a7f:z\u00a7Ea\u00e9a%\u00e9:-:\u00a7'ilrgaa;\u00a7_\u00e9f::=:f;\u20ac\u00a7ij::::<\/p>\n
&i'E\u20ac\u00a7 ?..%ms $3 3:153 :0 be i:\u00a7a}t~.:3i\u00a7ij:d 83' {3\u00a3s;g}\u00a7iai  arzszf\u00e9j<\/p>\n
:' z\u00e9\u00e9ssa 2390;"; 315:5: \u20ac.i:::e::\u00a7_$\u00a7\u00ab:31": Q5—-{}:\u00a7E}:r3gi.%\u00a7i6rs3 A' '\u00a7*::<E7%.,:'%iE}:1t 331$<\/p>\n
ate, gags, ‘avg 33*,  ..;?%’R 283 {S6}. in<\/p>\n
?;’.h\u20ac: f;\u00a7i8\u00a7{\u00a7 {‘IaS’;?T”‘\u00a7  :.z_<}:\u00a7\u00a2\u00a7:':gf'  \u20ac\u00e9j'\u00a7.i\u20acF \u20ac:i<ii\u00a7":;<~::21\u00e9i E<%\u00a7m:"i}\u00a7::<\/p>\n
$E.\u00a7\u00a7\u00a7\u00a7._\u20aci\u00a71}\u20ac _i'.'3\u00a7\u00a7f’&,\u00a73’i’_ \u00a3;a:2\u20ac::s:Eia\u20ac.%{\u00a7\u00a7’: \u00a32? “E’\u00a7’}fi \u20acZ<:2\u00a7i':f,ra\u20ac:%:<\/p>\n
ag<:}":<:\u00a7g5. \u00e9\u00e9\u00e9ii :3-.2Ej,  e;~~2:"\u00a7’aZ*. E\u00e9ie\ufb01\u00e9iiiig \u00a7?\u00a7E:’:3\u00a7:\u20ac:,:::’*\u20ac \u00a335 \u00a333′:<\/p>\n
\u00e9:.\u00a7};\u00a73\u20ac\u00a7E;:\u00a7:\u00a7_;\u00ab–..::s’;v:* \u20ac\u00e9;\u00a7~s:\u00a7  ;\u00a7’  \u00a7:::?5%;?{“;?2;{‘1: 252% 5;”? 21:’: ss:2′:::\u00a7::\u00a7”:\u00a7.:3g :35,-:;:\u00bbr\u00a7<\/p>\n
 ii:  “:\u00a7:3\u00a7:;\u00a7f_f\u00a7j%g\u00a7:\u00a7\u00a7 ia\u00e9zit \u00a7%._’\u00a7;}\u00a7\\}\u20ac:E\u00a7\u00a7.\u00a7EE”\u00a75;. ate?  \u00a7’2″:’\u00bb\u00a7{_’\u00a7:Z2′:g; <\/p>\n
\u00bb v;f{:;%,2’\u00a7.\u00a7?a\u00a7\u00a7”.M  f:2::\u20ac ‘\u00a7;.{;~ i;\u00a7f;3’\u00a7i{}\u00a7L\u00a7?’: .\u00a7.?,:=a:  af\u00e9g-=:3;’ 3%:<\/p>\n
H ~{f\u00e9’f;\u00a7;:;::\u00a7:\u00a7_\u00a7.s,< <\/p>\n
v\u00a7{.<:_\u00a73~,'%f.%2 33:35; i'\u00a7\u00a7"E ms: :72? 'aha: Em$\u00a73:<\u00bb:3$ a\ufb01\ufb01 Ea;
\n2"<*:;";\u00a7\u00a7z;;_{:\u20ac2- fs\u00e9\ufb01z\u00e9r tfl?\u20ac.}EiE\u00a7\u00a7T'\u00a7\u20ac3'\u00a7 \u00a7{,'}i%?\u00a3 \u00a7;:\u00e9\u00a7; 9; si\u00a7:iz\u00a7\u00a7;g\u00a7' {:o{;\u00a73"\u00a7:g::*:. '\u00e9if\ufb01 :":{;:t\u00a7{:<~:<\/p>\n
$2. Eiita ":.\u00a7:';:$%:z33":E: {If\u00e9?3\u00a3.%{"3 \u00e9f\u00e9af, a$f:\u00a7i\u00a7\u00a7S\u20ac'i\u20ac; \u00a7$ {:{m\u20ac\u00e9:3:,:\u00a7:2\u00a7 $3<\/p>\n
" \u00a7'3:.:2;<;%3:':\u00a7:;*~%;\u00a7\u00a7 aaii '\u00a73:';\u00e9:%_:'\u00a3: E3 EEG ';3ra.:s\u00a72E'%3i%\u00a7<:z: far i:E":a:2=33\u00a7:E3Zs,%\u00a7':g<\/p>\n
g\u00e9\ufb01zi\u00e9 {\u00a7\u00a3'*:'2f'\u20ac}\u00a7j\u00a7..\u00a7}\u00a7 8&5 E\u00e9s \u20acTi'.\u00a7"3;\u20ac\u00a7i"\u00a7\u20ac$ waif: 3:735:53' \u20ac325: S\u00e9ii\ufb01f :3?' 33%<\/p>\n
.1<\/p>\n
,W….:\n<\/p>\n
‘-Jk<\/p>\n
A:\n<\/p>\n
 iii: ‘.\u00a7’\u00a7:”‘:z:”: ‘\u00a7_\u00a7;s:\u00a7:.2.\u00a7\u00a7\u20acz’*\u00a7:%:;. 32:: ‘\u00a7:;:<%%:T 3&5: \u20ac:,m*:a}\u00a7\u00bb%:z:* <3;':n::f\u00a7_.\u00a7:3;\u00a7 '\u00a7i\u00a7"\u00a7\u20ac:E<\/p>\n
j%,F\u20ac'E'\u00a7:E.f" 1-m:\u00abf~; '\u00a7"'?."?<% 5:r:\u00a3'z_';:*::i$ 23$ \u00a7%\u00a7\u00a7\u00a7i.\u00a7\u00a7"E5.\u00a7\u00a7.  ??’\u00a3}\u00a77E\u00a7\u00a7?i. _.?;\u00e9z\u00a7>;\u00a7:<\/p>\n
}5f:5Ei.\u00a7'”1 ‘\u00a7’%:\u00a7:zs5\u00a7  225%; :25; E953 $5 \u00a7::z::\u20ac3z:f:,:\u00a7_”*~%:\u00a7:’  <\/p>\n
‘%%{:~2″‘:e::7′:, \u20ac36: am,:.:;\u00a7\u00a7:\u00a7::$;~;”gs:’:x*:*–. ‘Ek::;\u00a7’:::f_:i:%\u00a7; <\/p>\n
“TE’e\u00e9z:;:t;.–<LfT',<::::3p\u00bb::E.%\u00a7:\u00a7<::z2 f\u00e9iif" {}\u00e9'?3.{E3;'}\u20ac}'\u00a3i '\u00a7_}\ufb01': '\u00a71\u20ac3.F\u00a7:<\u00a7<5i\u00a7\u00a7 ;\u20ac;i'S {'\u00a7;3\u00a75';\u00a3:\u00ab:E'' \u00bb<\/p>\n
\u00a7,"\ufb01{#'{'\u00a7\u00a7\u00a7:.\u00a7E_V-R
\nE2. $16: 3;':\u20ac*;;=\u00a7;?{. _J:,3{ig;:*n:%::–E:\u00a7\u00a7  =:f\u20ac23\u00a7e\u00a3\u00a7 ugg\ufb01\ufb01 E}?<\/p>\n
\u00a7\u00a7\u00a7\u20ac.{}.,Sa'\u00a7'\u00a7\u00a7:g:2\u00a7::, E3  am": iff\u00e9txag\u00e9 .':%:{i\u00a7<\/p>\n
{E%7}%;%:"j~;j,j;. 93; =5;-{Ea E2"; \u00a7:?2<i: Said \u20ac22.36
\n\u00e9E5?;$\u00a3"f\u00a7'E"\u00e9f?f{..4; #11-';?:.:% %::V\u00e9\u00a7_.:i;\u00a73;g\u00a7::'\u00a7TgE, V\u00e9\u00a7,g\u00a7\u20ac::\u00a72'2' 5}? 3 {ff{\u00a7\u00a7.'{\u00b0:\u00a7}:'%\u00a7"\u00a7,\u00a7Ef?S (2:36 \u00a7\u00a5\u00a7}'\u00a7.i"\u00a7\u00a7'":<\/p>\n
  \u00a7fE\u00a7!:_jf\u20ac..?\u00a7.5\u00a7"\u00a7\u00e9f\u00a7\u00a7i}F  ;.:_':\u00e9:\u00a7:\u00a72":'.22E<.\u00a7g":gn=; 323$ ?.i\u00a7"\u00a7f7: \ufb01ai\u00e9 ;::_gs:::':<:j; \u00a3315'<\/p>\n
:=2?%_::-%ef;\u00ab%.E:.\u00a7'jE:;::\u00a7?g;:;j% Ei':'\u00a7:$\u00a7\u00a7?v1'?37Z%.\u00a7{j\u00a7.E};g was \u00a7_3\u00a7's::\u00e9\u00a732;3.%;:.z:'\u00a7i\u00a7\u00a7-* %:\u00a7%:\u00a7"\u00a7\u00a71\u00a7:"ia%;{3<_%<\/p>\n
. \u00a7T2i?ifE%i\u00a5,_3S:'f.', \u00a7\u00a7.j2%:~-,Ev\u00a73:\u00a7\u00a7'aS {f\u00a7<}2.zs:'\u00a7*\u00a7f::\u00a72\u00e9:\u00a7:t i3:.x\u20ac::'ci$\u20ac~:' 0%" 33:3 \u00a7::9we:'$<\/p>\n
 _\u00a7.2'\u00a7'?;._<\u00a7%_:z""v \u00a7;\u00a7.ag<?E:5\u00a7:\u00a7' \u00a7:\u00a7\u20acEC'iE'\u00a7Ca\u00a7. \u00a73%"\u00a7{\u00a7f\u00a7F'\u00a7i8.\u00a7{iEEg$ 13:{:{\u00a7'\u00e9iiS%{\u00a7\u00a3}\u00a7: \u00a7:e::\u00a73<\/p>\n
"\u00a7<.;*\u00a7{\u00e9% V_{:::s:21.1\u00a7::,:i3@\u00a7"iE}' \u00a75\u00ab;{,::g2_:\u00a7re<\u00a7 \u00a3326 :;I:{f\u00a7e:*t:-zk\ufb01zg am? E\u00a7.\u20ac~:u 0%'<\/p>\n
 it aaz\u00e9s\u00e9gi\ufb01sa was ggsaai\u00e9 {:::::\u00a7\u20ac::3$ati:}r} and E3: Ems Egan h\ufb01izi
\n ?’\u00a7’_1i{*:’%I”A_’:”: E3: \u00e9ihai \u20ac\u00a7{:\u00a72\u00a73:_:*t::}e%\u00a7’:i Eifgazi fai\u00e9e\u00e9i {Q \u00a7\u00a7$\u00a73\u00a7”}\u00a7.,\u00a7S\u00a7”: \u00e9iiia\u00e9i<\/p>\n
 fai\u00e9g \u00a5:\u00a7;\u00a7\u00a7”;\u00a7:: \u00a7._E:.<;+: \u20ac"X{'\ufb01\u00a7.'i\u00a7}\u00a7;Z.\u00a7\u00a7'}\u00a7E Ea {}E'{\u00a7\u00a7E:\u00a7\/33'? :*23\u00a3\u00a7: \u00a7:}:{:e_\u00a7;:\u00a7.,<\/p>\n
1:'<\/p>\n
E\u00e9\u00e9\u00e9 3%. :::.z:':<:'::z':\u00a7; in 2:; \u00a7a::\u00a7~;$ :3? 3:": \u20aci\u00a7'};\u20acfi3..:'E'\u00a7.E'.i\u00a7;\u00a7 <\/p>\n
s::'~.;\u00bbg:\u00a7:'%i;':_g 3:: :,::'\u00a72\u00a7.\u00a7::$<:<z'*'{:s\u00a3:sE \u00a7;1':<:\u20ac:i<' ziiais\u00e9ctaji\ufb01xg\ufb01f\u00e9\u00e9g "<\/p>\n
s::'T:_\u00a7,\u00a7\u00a7*<:: :3? :5: \u00a7}2"i1"'?_', 5:?' mt \u20ac;"i&f'E'}\u00a72'}\u00a7 agf;;;\u00a7a\u00a7:'*a_\u00a7:1;;\u00a7\u00a7'-53: . <\/p>\n
\u00a7\u00a7\u00a7I\u00e9'T,.\u00a7{fEI.'i.E.T\u00a3'f\ufb01?" GE' :&-*a$..%\u20ac;, as \u00a7r:}3$..\u00a7\u00a71__.:\u20ac: {:3  ,\u00e9\u00a7.:T:":}':'4;\u00a7i%:g:*\u00a7;<\/p>\n
;\u00a7?:'2c:\u00a7\u20acE:z:";i. ii} 'Z}f'\u00a7{"i {:{}1.:3"s\u20ac: {#3 ihgi-5. E::A1S\u00a7:";i:::\u00a7S–?* ' '~'\u20ac'%;::::;~<\/p>\n
2:,:':\u00a7;w:::\u00a7"3 {<2 \u00a7:.E2{::se z;_':;\u20ac:$I.i0;":i*:;–. A%**{":2:'\u00a7{:% ::?\u00a7'fI,:3TTjE:$\u00e9:%' :2:"::.\u20ac<\/p>\n
$.15'; <.:<:s::;\u20ac: E0 2-:\u00ab: {:i\u00a7\u00a7:\u00a2%E,:s\u00a7:\u00a7\u00a7\u00a7'*w.?5.:%':{2\u20ac:?n::a;' t\u00e9ii\u00e9t;
\n\u00a7's&E'\u00a7.\u00a7<;'t\u00a7.EE\u00a7};\u00a7' f&.g\u20ac}'E}Cj;  $'2\u00a3\u00a7\u00a7ds;:\u00a7i\u00a7f&E,.,. E\u00e9tgi \u00e9hiit
\n'\u00a7a:$\u00a7:'}<-:$&: a:%:.&:’%as;;9:\u00a3f\u00a7:j3;   wi\u00a7\u00e9,f2;\u00a7e:”\u00a7 ‘$67: $2 :*\u20ac*\u00a7;”<:'::2*::;.\u20ac<\/p>\n
:*\u20ac*:::\u00a7:%f\u00a7;;\u00a7"L;..__ \u00bb V' =-f.._'_%;::.\u00a7{\u00a7 ix\u00bb: 5;.<\/p>\n
: {:::1\u00a7;\u00a7\u00a7\u20acifs\u00a7:E5′.::’\u00a7:{;:?:\u00e9\u00a7;:i:;\u00ab., \u00a7:.:\u00a7.\u00a7E;s:\u00a7&=: {f\u00a7’;,i\u20actS{\u00a7{3E’2′:\u00a7 {::a3:’: {:::\u00a7\u00a7==’<\/p>\n
   ‘%\u00a7%:\u00a7;Qv;{\u00a7\u00a7\u00a7a{:Ti{}E’\u00a7:i;’ if E\u00a7”i\u20ac”i 2%-“:.E\u20ac>:\u00a5as.s”:\u00a7:<\/p>\n
\u00a7::za;_\u00a7’%:?;\u00a7\u20ac\u00a7;&EV\u00a7\u00a7;’~.,a\u00a5a1\u00a7,\u00a7z:%:2\u00a7\u00e9: \u20ac15; \ufb01zz: \u00a7\u00a7Eif3GE3i\u00a7.\u20ac”E~E1\u00a73,}i<\/p>\n
a\u00e9:.:\u00e9’.E'”2a\u00a7’%%:L%a+<3,_ _____ H ;'.\u00a7E1:i sviai\u00e9sgkata if %?\u00a7.?i"('\u00a7'3;:Ef?{~'\u00e9E\u00a7\u20acffS $332<\/p>\n
\u00a3;:%ga:j'!g:::_ Sf \ufb01i\u00e9i *:3:.\u00a7:<;\u00a7ir:\u00a7\u00e9:~';s. 22:3 \u00a7"\u20acEEf3'i?\u00e9i1i"\u00a7i a{::m.’\u00a7$<\/p>\n
 .;:\u00a7:3.;%’ \u00a7;:a\u00a7;2iz3;{:&\u00bb:\u00a7_%2\u00a3:<iE::% {:5 *z;\u00a73;:<*: a3$:*:$$<:%: ':}{:\u00a7{::%:-: 23353<\/p>\n
:\u00a7\u00a7i,{:\u00e9\u00a75–V_ \u00a326 Ema, <;\u00a7'E":&r {'i'%\u00a3_\u00a7{\u00a7\u20ac':E\u00a7iE\u20ac: <\u00a7\u00a73c\u00a7<3$\u00a7\u00a7f:g ih\u00e9sr<\/p>\n
, \u00a7i}3<ff::\u00e9'\u00a7.:;:,:3 ,%\u00a7%S\u00a7{}\u00a7":f\u00a7 $3' {$33 E",{}%"a\u00a7 '\u00a7:,;2si?:\u00a7z3$ a3::::\u00a7 fiizsi<\/p>\n
:%:\u00a7a'%;\u00a7"%;::'-2 %.\u00a7::\u00a7:::}*:*\u20acz~:3':\u00a3a $3" 'SE26 ag\u00a33:':z:\u00a7; %::$'\u00a7 gzsi\u00e9 '\u00a335?
\n\u00a73.\u00a7'\u00a7:;$\ufb01:2%;". ;;}G$;\u00a7%i@\u00a7": $3.?' Sg\u00e9zi\u00e9 ?)EE\u00a7\u00a7\ufb01f3$S afii\u00e9ii' mg: Eegg<\/p>\n
:3? E\u00a7",\u00a7\u00a3'\u00a7 :::.::::\u00a7:\u00a7  3:1" 'gt ':1': \u00a7'E\u20ac'F: :~i:st:'2:{i_:":\u00a7:\u00ab\u00bb:::~.:{\u00a7 E3?<\/p>\n
2<\/span><\/p>\n
\u00a7,.\u00a7’E\u20ac’i \u20ac35?\u00a7:%;?\u00a7E”‘”\u00a7L3f’\u00a7E%Ef\u00a7’\u00a7,\u00a7'”<\/p>\n
19<\/span><\/p>\n
Applying these principles in the instant <\/p>\n
officer has come to the conclusion tI}at”‘-110 loss has <\/p>\n
occurred to the assessee on” ieeceurlt of er 7<\/p>\n
enduring asset and as such that  ‘hI’ei1\u00a7htV’te.L<\/p>\n
tax under Revenue ‘and V.  face
\nrecorded by him   tiie Hon’b1e
\nSupreme   find that both
\nappellate a:’u\u00a3iff;oi:itie:s’    upsetting this
\nfinding  Hence, we hold the
\n relevance was placed
\nby the does not come to rescue of<\/p>\n
assesses  Rs.20 lakhs as Capital receipt.\n<\/p>\n
  _   .:.:1:X:}other judgement relied upon by<\/p>\n
 ieamed Sr.Counsel is (1931) 140 rm 207<\/p>\n
  V] s Ssxasxvathi Publicities wherein the assessee<\/p>\n
  agreed to refrain from carrying on business with<\/p>\n
  _ _\u00a7~IiI1dustan Lever to contend same is applicable to facts<\/p>\n
of the ease. The said judgement though refers to<\/p>\n
f :3 if<\/p>\n
20<\/span><\/p>\n
restrictive covenant their lordships have also  to<\/p>\n
the various judgement of Supreme Court by<\/p>\n
us Supra) and came to the conclusion.\n<\/p>\n
termination of agency resulting i7n.t’}:n_i*3\u00bbiIiess lees  Ea ‘<\/p>\n
capital receipt. However,.on___ exait\ufb01hriationeefgtcts cf the” L.<\/p>\n
\n\npresent case by applying  _enLefgciated by\ntheir Lordships of   we have\nheld that salecf    in loss to\nassessee._ar}:(l   field revenue receipt.\nThusf\u00e9    isunot applicable to the facts\nof V'  AV  W  \n\n<\/pre>\n
Vt  ‘V 15. ‘l’he _etl’1erv:.}udge1:<1ents relied upon by the<\/p>\n
. 'let i'~:t_f.'C,ou'i1eei SI'i.Sa1'angan are:<\/p>\n
  {1983) 140 rm 159
\n x  t err v\/s Late G.D.Naidu — (1937) 165 HR 63
\n  mad.)<\/p>\n
(iii) Oberei Hotels Pvt Ltd V\/3 err (1999) 236 ITR<\/p>\n
903(s<;:) <\/p>\n
5<\/span><\/p>\n
21<\/span><\/p>\n
(iv) CIT V\/s Sarej Kumar Poddar (2005)’~<\/p>\n
573(Cal)<\/p>\n
(V) err V\/s A.S.Wardekar…(20(\u00a76) 2′;’3’3′ <\/p>\n
(C81)<\/p>\n
(vi) err V\/s Shyaxti-$i1ndaf”C1\ufb012g1\u00a7rie;’:..{2t’}{)3) 305%<\/p>\n
ITR 181 (MP) \u00e9\n<\/p>\n
(vii) Romtasv\u00e9”  (2003) 306 ITR<\/p>\n
24Q;{\u00aee\ufb02:i)  <\/p>\n
(viii)  (2008) 214 CTR<\/p>\n
__  — ‘
\nIn all   the restrrictive covenant<\/p>\n
Viz\ufb01, “Iaon~coix1petitioi1 clause in the Ageement has been<\/p>\n
‘V   their lordships with reference to the facts<\/p>\n
 ._df..t}1e’se”_*ease’s’.and have come to conclusion that it does<\/p>\n
 “(a) loss of an enduring asset or (13) loss of<\/p>\n
  “i11c;pn\u00a7e to the assesses and accordingly held it would be<\/p>\n
 receipt and not exigible to tax. Per Contra in the<\/p>\n
‘V V’ “instant case we have held that in the instant case it has<\/p>\n
not resulted in the loss of enduring asset nor it has<\/p>\n
5′ “‘”‘<\/p>\n
 5?”\n<\/p>\n
22<\/span><\/p>\n
resulted in ioss of income of the assessee but.-on the<\/p>\n
other hand, turnover of the assessec <\/p>\n
Hence, we have no option but to hoicf  <\/p>\n
authorities would not be of  aeeisteneeV  the 7<\/p>\n
assessee in the present case.\n<\/p>\n
16. Yet another Jiiiig\ufb01\ufb01ieilt iirelieciwsviupon by
\nassessee to repel   revenue with
\nregard to appiicatic-\ufb01e”  i Act is CIT Vs.
\nNarezidra   CTR 3.90 (BOM). The
\nrevenaiei’    ‘that by bringing in an<\/p>\n
amendxeent =te is\u00a2e  :’}~!’3i(2) of the Act was in order to<\/p>\n
 V.  _  theV”‘exieting practice and Legal position by<\/p>\n
   _:va:.i1’egis*yf.iation and not to take converse View that<\/p>\n
 legie\ufb01tion was not applicable for earlier assessment<\/p>\n
 yearS.,:__i’i~It is seen from the judgement that it has been<\/p>\n
  therein that in the facts and circumstances of the<\/p>\n
K  _ ease therein it haci been held, it was a capital receipt<\/p>\n
and receipt of the same during the year in question and<\/p>\n
 E4″\n<\/p>\n
\n5<\/span><\/p>\n
23<\/span><\/p>\n
it was held that Section 55(2) of the Act   <\/p>\n
applicable. It would not bej’oi:t” of :’ lfolf {is to \u00bb<\/p>\n
mention here that unless   <\/p>\n
the Statute retrospectively,’   <\/p>\n
unless it is held  itis  legisl\u00e9ttion. We do s<\/p>\n
not Wish to embark  the this issue,
\nsince we  Lthge ‘faets Veanri circumstances of
\nthis   by the assessee as<\/p>\n
revenue_ xeee-rgf.. ‘e\u00a7iig_\ufb01i_’b.le_’ to tax.<\/p>\n
_ 1’7 ‘vies? of the above discussion we hold that<\/p>\n
 v  _ \ufb01i\u20ac’AppeBate  ‘ties were in error in holding that<\/p>\n
    20,00,000\/- received by the assesses as<\/p>\n
  fee should be treated as capital receipt<\/p>\n
 and 1191 as revenue receipt.\n<\/p>\n
18. For the reasons above said, we allow this<\/p>\n
V’   Vlappeal and answer the question of law formulated<\/p>\n
24<\/span><\/p>\n
herein above in favour of the revenue and ag9iP.sjtV.@h\u00e9*;:_VA’ <\/p>\n
38868866.\n<\/p>\n
S131)\/*    V\n\n<\/pre>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009 Author: V.Gopalagowda And Kumar *:’2~:\u00a7%: E-i\u00a7”.f\u00a7iT’\u00a7{%-E <':<'}2;::;:\u00a5: :::::=:* '%~;L..\u00bb% %3'f%E;%T\u00a3*a.\u00a7\u00a7\u00a7:\u00a7 Ef\u00e9\u00e9z\ufb01\ufb01\ufb01i 15:"; RE": \u00a7':a%% :\u00a7::is '\u00a7"\u00a7{%,E:% '\u00a77_\u00a7T\u00a7iE%',31"%:TT3\u00a7%\u00a7.' ::;s;:I ?%a$\u00a7\u00a7? 1f”=f _i_ ‘\u00a7’.E%'”\u00a7’~: \u00a7+;{>:m\u00a7:3: MR. 5’\u00a7?\u00a7fEff};7a\u00bb .\u00a7 EEK} ‘mg: \u00a7~%<'3m3E;;%:: M3, ;%'\u00a7..?$*?.E{i';';\u00a7;: g?*gR\u00a7%,%,?\u00a7'\u00a7\u00a7:'\u00a7'}”\u00a7”\u00a7EE\u20ac’?Ei”:”\u00a7$ 3%;-a_{‘\u00a7_, H . _ .E:%;;;\u00a7’:zga.\u00ab}.\u00a7:::”:?:$ […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-209419","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nThe Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata ... on 31 July, 2009 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata ... on 31 July, 2009 - Free Judgements of Supreme Court & High Court | Legal India\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\" \/>\n<meta property=\"og:site_name\" content=\"Free Judgements of Supreme Court & High Court | Legal India\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2009-07-30T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-29T15:36:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@legaliadmin\" \/>\n<meta name=\"twitter:site\" content=\"@Legal_india\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"22 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009\",\"datePublished\":\"2009-07-30T18:30:00+00:00\",\"dateModified\":\"2017-12-29T15:36:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\"},\"wordCount\":1552,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"articleSection\":[\"High Court\",\"Karnataka High Court\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\",\"name\":\"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata ... on 31 July, 2009 - Free Judgements of Supreme Court & High Court | Legal India\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\"},\"datePublished\":\"2009-07-30T18:30:00+00:00\",\"dateModified\":\"2017-12-29T15:36:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"name\":\"Free Judgements of Supreme Court & High Court | Legal India\",\"description\":\"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"alternateName\":\"Free judgements of Supreme Court & High Court of India | Legal India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\",\"name\":\"Judgements of Supreme Court & High Court | Legal India\",\"alternateName\":\"Legal India\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"width\":512,\"height\":512,\"caption\":\"Judgements of Supreme Court & High Court | Legal India\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata ... on 31 July, 2009 - Free Judgements of Supreme Court & High Court | Legal India","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009","og_locale":"en_US","og_type":"article","og_title":"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata ... on 31 July, 2009 - Free Judgements of Supreme Court & High Court | Legal India","og_url":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009","og_site_name":"Free Judgements of Supreme Court & High Court | Legal India","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2009-07-30T18:30:00+00:00","article_modified_time":"2017-12-29T15:36:21+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_card":"summary_large_image","twitter_creator":"@legaliadmin","twitter_site":"@Legal_india","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"22 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009","datePublished":"2009-07-30T18:30:00+00:00","dateModified":"2017-12-29T15:36:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009"},"wordCount":1552,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"articleSection":["High Court","Karnataka High Court"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009","url":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009","name":"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata ... on 31 July, 2009 - Free Judgements of Supreme Court & High Court | Legal India","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/#website"},"datePublished":"2009-07-30T18:30:00+00:00","dateModified":"2017-12-29T15:36:21+00:00","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-consolidated-coffee-ltd-tata-on-31-july-2009#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/judgments\/"},{"@type":"ListItem","position":2,"name":"The Commissioner Of Income Tax vs Consolidated Coffee Ltd (Tata … on 31 July, 2009"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/judgments\/#website","url":"https:\/\/www.legalindia.com\/judgments\/","name":"Free Judgements of Supreme Court & High Court | Legal India","description":"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.","publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"alternateName":"Free judgements of Supreme Court & High Court of India | Legal India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/judgments\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/judgments\/#organization","name":"Judgements of Supreme Court & High Court | Legal India","alternateName":"Legal India","url":"https:\/\/www.legalindia.com\/judgments\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/","url":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","contentUrl":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","width":512,"height":512,"caption":"Judgements of Supreme Court & High Court | Legal India"},"image":{"@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/judgments\/author\/legal-india-admin"}]}},"modified_by":null,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/209419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/comments?post=209419"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/209419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/media?parent=209419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/categories?post=209419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/tags?post=209419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}