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Compensation received, Income Tax

Issue Id: - 114784
Dated: 22-3-2019
By:- GOPAL HARLALKA

Compensation received


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An assessee has filed case under Negotiable Act against Mr "A"

Court passed order in favour of the assessee and directed Mr "A" to pay compensation to the assesseee.

My query is compensation is capital receipt or revenue receipt. Is it taxable income

CA Gopal Harlalka

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