Capital or Revenue receipt - Where by the cancellation of an ...

Payment for Cancelled Agency Agreement Considered Capital Receipt, Not Income Source, for Assessee's Tax Treatment.

October 15, 2013

Case Laws Income Tax AT

Capital or Revenue receipt - Where by the cancellation of an agency source of the assessee's income, the payment made to compensate for cancellation of the agency agreement is normally a capital receipt - AT

View Source

← Previous Next →

Capital or Revenue receipt - Where by the cancellation of an ...

Payment for Cancelled Agency Agreement Considered Capital Receipt, Not Income Source, for Assessee's Tax Treatment.

October 15, 2013

Case Laws Income Tax AT

You may also like:

The court held that the sum received under the co-marketing agreement was a capital receipt, not a revenue receipt. The intention of the parties gathered from the...

Capital receipt or revenue receipt - receipt of compensation under JV agreement - surrender of certain rights - there as no impairment of source of income - taxable as...

Nature of receipt - Profits in lieu of salary or capital receipt - Receipt on termination of employment - Taxability u/s 17(3)(iii) - The Tribunal considered precedents...

Nature of receipt against termination of lease agreement - taxable under the head income from other sources or income from house property or not taxable as capital...

The High Court considered a case involving the nature of a receipt received by a company for relinquishing its right to operate a hotel under a license agreement. The...

Interest income earned from funds received from Government for setting up a company is a capital receipt, not revenue receipt, as the funds and income must be utilized...

Correct head of income - compensation received for vacating the flat - While the assessee argued for capital gain treatment, the Revenue contended it should be...

Income from other source OR Capital gain - Correct head of income - relinquishing the right acquired under the Agreement by the Assessee - income from relinquishing...

TDS u/s 195 not deducted on payment to Everest Global Inc. for software training services as source of income located outside India and payment made for services outside...

Correct head of income - Receipt by way of an option agreement cannot be assessed under the head income from house property. Once said receipt is not assessable under...

Receipt of non-competitive fee - non-compete fee payable under the Deed of Covenant - capital receipt or revenue receipt - the matter was pertaining to the period which...

Nature of receipt - non- compete fee - capital or revenue receipt - Clearly, for the period in which the non-compete agreement was to operate, which in this case was 10...

Receipts of Non-Compete Agreement - capital gain or business receipt - The Non-Compete Agreement was part and parcel of the sale of the business and cannot be seen in...

Receipt of compensation on termination of distributorship agreement is in the nature of revenue receipt - HC

Income from license fees - income under the head ‘Income from other sources’ OR 'business income' - AT

Quick Updates: