Why the receipts in egerton warburton & ors were assessable

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Explain why the receipts in Egerton-Warburton & Ors v DFC of T (1934) 51 CLR 568 were assessable, but the receipts in IRC v Ramsay (1935) 1 All ER 847 were treated as capital amounts. 

Reference no: EM13838856

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