Compensation received for foregoing the rights to sue against ...

Compensation for waiving the right to sue over property purchase is a capital receipt, not taxable.

July 5, 2019

Case Laws Income Tax AT

Compensation received for foregoing the rights to sue against purchase of property - revenue or capital receipt - Once the compensation is held to be is only on account of foregoing right to sue, which is a right in personam the same cannot be brought to tax

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Compensation received for foregoing the rights to sue against ...

Compensation for waiving the right to sue over property purchase is a capital receipt, not taxable.

July 5, 2019

Case Laws Income Tax AT

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