STCG - extinguishment would normally connote a situation where ...

Surplus from Asset Compensation Not Taxed as Capital Gain; No New Asset Acquired by Taxpayer.

December 12, 2014

Case Laws Income Tax AT

STCG - extinguishment would normally connote a situation where an asset goes out of existence – thus, surplus arising on account of compensation received by the assessee cannot be assessed under the head “capital gain“ because no asset came into existence with the assessee. - AT

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STCG - extinguishment would normally connote a situation where ...

Surplus from Asset Compensation Not Taxed as Capital Gain; No New Asset Acquired by Taxpayer.

December 12, 2014

Case Laws Income Tax AT

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