AB & Co. received 7 2,00,000 as compensation from CD & Co. for premature termination of the contract of the agency. The amount so received is

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Question:AB & Co. received 7 2,00,000 as compensation from CD & Co. for premature termination of the contract of the agency. The amount so received is

1.Capital receipt and taxable

2.Capital receipt and not taxable

3.Revenue receipt and taxable

4.Revenue receipt and not taxable

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  1. AB & Co. received 7 2,00,000 as compensation from CD & Co. for premature termination of the contract of the agency. The amount so received is
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