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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Receipt towards compensation in lieu of ‘right to sue’ - capital ...

September 21, 2018

Case Laws     Income Tax     AT

Receipt towards compensation in lieu of ‘right to sue’ - capital receipt OR revenue income - breach of development agreement and a compensation was paid to avoid litigation - compensation received in lieu of ‘right to sue’ could not be regarded as revenue receipt

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