Supreme Court Adjudicates Tax Treatment of Compensation for Partial Termination of Selling Agency under Income Tax Act, 1922. The Court considered whether the sum received by the assessee for termination of agency rights outside Hyderabad State constituted a capital receipt or revenue receipt.
20 Mar 1959Background: The case involved the income tax assessment of the respondent, a registered firm carrying on business as selling agents and distributors o...




