Capital gain u/s 45 - agreement for purchase of property could ...

Capital gain u/s 45 not applicable; settlement amount deemed capital receipt, not taxable due to no asset transfer.

November 2, 2018

Case Laws Income Tax AT

Capital gain u/s 45 - agreement for purchase of property could not mature - amount received by the assessee over and above the advance amount as the settlement agreement - such capital receipt cannot be brought to tax, since there is no transfer of assets.

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Capital gain u/s 45 - agreement for purchase of property could ...

Capital gain u/s 45 not applicable; settlement amount deemed capital receipt, not taxable due to no asset transfer.

November 2, 2018

Case Laws Income Tax AT

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