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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

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

Case Laws     Income Tax

February 23, 2023

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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