LTCG - surrender of right sue under MOU and withdrawal of ...

Compensation for Lost Property Development Rights Deemed Capital Receipt After Withdrawing Criminal Complaint Under MOU.

July 18, 2019

Case Laws Income Tax AT

LTCG - surrender of right sue under MOU and withdrawal of complaint before criminal court - compensation along with interest, towards loss of profit/liquidated damage for loss of opportunity to develop the property and sale of flats in the open market and towards the cost of litigation - amount received by the assessee in excess of advance is on account of compensation for extinction of its right to sue the owner, the receipt is a Capital receipt

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LTCG - surrender of right sue under MOU and withdrawal of ...

Compensation for Lost Property Development Rights Deemed Capital Receipt After Withdrawing Criminal Complaint Under MOU.

July 18, 2019

Case Laws Income Tax AT

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