Compensation received cannot be treated as consideration because ...

Right to Sue Not Property: Compensation Not Considered as Capital Asset under Property Act Sec 6(e) & Income Tax Act Sec 2(14.

March 25, 2014

Case Laws Income Tax AT

Compensation received cannot be treated as consideration because 'right to sue' is not a property under section 6(e) of the Property Act and thus did not become a capital asset u/s 2(14) - AT

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Compensation received cannot be treated as consideration because ...

Right to Sue Not Property: Compensation Not Considered as Capital Asset under Property Act Sec 6(e) & Income Tax Act Sec 2(14.

March 25, 2014

Case Laws Income Tax AT

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