Relinquishment of right before development - Right to sue ...

Compensation for Relinquishing Right to Sue is Non-Taxable u/s 2(24) of Income Tax Act.

April 13, 2018

Case Laws Income Tax AT

Relinquishment of right before development - Right to sue surrendered in lieu of getting compensation money - capital gain or business income - the impugned compensation amount is not liable to be treated as income u/s.2(24) of the Act nor the same is taxable as capital gain for business income being in the nature of a capital receipt. - AT

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Relinquishment of right before development - Right to sue ...

Compensation for Relinquishing Right to Sue is Non-Taxable u/s 2(24) of Income Tax Act.

April 13, 2018

Case Laws Income Tax AT

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