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2014 (11) TMI 1078 - SC - Income TaxNature of receipt - Compensation for termination of lease agreement - Held that - HC order confirmed 2014 (6) TMI 262 - KARNATAKA HIGH COURT as the amount received is a capital receipt and not liable to tax under Section 55(2)(a) of the Act - Decided against revenue
The Supreme Court dismissed the Special Leave Petition after hearing from the Additional Solicitor General and finding no legal grounds for interference. Delay was condoned.
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