Taxability of Settlement amount received - The nature of ...

Settlement for Surrendering Right to Sue Deemed Capital Receipt, Not Taxable u/s 45 of Income Tax Act.

January 22, 2016

Case Laws Income Tax AAR

Taxability of Settlement amount received - The nature of settlement amount is of capital receipt and it cannot be categorized as income. Further this amount has been received against surrender of right to sue which cannot be considered for the purpose of capital gains u/s 45 - AAR

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Taxability of Settlement amount received - The nature of ...

Settlement for Surrendering Right to Sue Deemed Capital Receipt, Not Taxable u/s 45 of Income Tax Act.

January 22, 2016

Case Laws Income Tax AAR

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