Receipt of an award from B. D. Goenka Foundation for Excellence ...

Case Laws Income Tax

April 7, 2015

Receipt of an award from B. D. Goenka Foundation for Excellence in Journalism - It being a payment of a personal nature, it should be treated as capital payment, being akin to or like a gift, which does not have any element of quid pro quo. The aforesaid prize money was paid to the assessee on a voluntary basis and was purely gratis - not taxable as income - HC

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Receipt of an award from B. D. Goenka Foundation for Excellence ...

Case Laws Income Tax

April 7, 2015

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