Amounts received by assessee as entitlements held to be taxable
Jun. 20, 2016
Assessee granted mining rights for manganese ore to a company, and received certain amount which the company described as local fund cess. ITO taxed these amounts. AAC deleted the additions. Tribunal held that the amounts were not receipts of a casual and non recurring nature. High Court held the sums to be income, and thus taxable. Supreme Court held the sums to be taxable, and dismissed the appeal. -010764
