Nature of receipt - addition on account of Hardship Compensation ...

Hardship compensation, including larger flat and allowance, classified as capital receipt, exempt from income tax.

February 23, 2023

Case Laws Income Tax AT

Nature of receipt - addition on account of Hardship Compensation received - the benefit received by the assessee in the form of bigger size of flat and amount received as hardship allowance from the developer is a capital receipt, which cannot be treated as revenue receipt for taxing as income - AT

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Nature of receipt - addition on account of Hardship Compensation ...

Hardship compensation, including larger flat and allowance, classified as capital receipt, exempt from income tax.

February 23, 2023

Case Laws Income Tax AT

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