Section 28(i) of the Income Tax Act, 1961 — Business Income — The assessee company is involved in the business of Industrial and Infrastructure Development and thus the land premium and other lease charges so received are part and parcel of its business receipt and hence the land premium and lease rent received is not a liability in the hands of assessee company but a taxable revenue receipt — MP Audyogik Kendra Vikas Nigam Indore Ltd vs. Assistant Commissioner of Income tax [2018] 258 Taxman 372 (Madhya Pradesh)