Treating the income from transfer of the rights enjoyed by the ...

Taxpayer's Land Rights Transfer Income Considered Capital Receipt, Not Taxable Without Specific Asset Sale.

July 10, 2012

Case Laws Income Tax AT

Treating the income from transfer of the rights enjoyed by the assessee as capital receipt -. In the absence of sale of a particular asset, revenue cannot assume that the sums are taxable on transfer of land. - AT

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Treating the income from transfer of the rights enjoyed by the ...

Taxpayer's Land Rights Transfer Income Considered Capital Receipt, Not Taxable Without Specific Asset Sale.

July 10, 2012

Case Laws Income Tax AT

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