Gain on Assignment of Loan Obligation - whether constitutes ''income" chargeable to lax - assessee has...

Gain on Assignment of Loan Obligation - whether constitutes ''income" chargeable to lax - assessee has assigned the loan by paying the present value of future liability and the surplus is not taxable as it is not cessation or extinguishment of liability u/s 41(1) - capital receipt, not chargeable to tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X