Capital receipt or revenue receipt - Compensation as business ...

Receipt Classification: Capital vs. Revenue Nature in Business Compensation u/s 28(va) of the Income Tax Act.

July 27, 2012

Case Laws Income Tax AT

Capital receipt or revenue receipt - Compensation as business profit u/s 28(va) - what was transferred was a right to carry on business and that being so, application of the main section 28(va)(a) is foreclosed and forbidden, by the use of the words “shall not” in the Proviso. - AT

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Capital receipt or revenue receipt - Compensation as business ...

Receipt Classification: Capital vs. Revenue Nature in Business Compensation u/s 28(va) of the Income Tax Act.

July 27, 2012

Case Laws Income Tax AT

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