Nature of receipt - option price received against to sell the ...

Option Price from Joint Venture Share Sale Not Taxable, Revenue's Interpretation Lacks Merit, Says Investor in Insurance Business.

February 19, 2021

Case Laws Income Tax AT

Nature of receipt - option price received against to sell the shares of the joint-venture company - After considering all these facts the Dabur has invested into the insurance business by assuming the risk as a business man. Thus, the treatment of the joint-venture agreement by the revenue and its interpretation that option price received by Dabur is a revenue receipt and is chargeable to tax as income is devoid of any merit. - AT

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Nature of receipt - option price received against to sell the ...

Option Price from Joint Venture Share Sale Not Taxable, Revenue's Interpretation Lacks Merit, Says Investor in Insurance Business.

February 19, 2021

Case Laws Income Tax AT

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