Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    SEBI Revamps Cybersecurity Framework with New...     TaxTMI    Government Revokes Import Duty Exemptions Under...     TaxTMI    Customs Notifications Updated: Finance Act 2025...     TaxTMI    New Income Tax Rules 2025 Simplify Return Filing...     TaxTMI    GST Notifications on COVID-19 Deadline Extensions...     TaxTMI    Gold and Silver Import Regulations Updated: 13...     TaxTMI    Government Clarifies Tax Treatment for Co-Insurance...     TaxTMI    Procedural Flaws Invalidate GST Tax Order, Restore...     TaxTMI    GST Registration Cancellation Upheld: Failure to...     TaxTMI    Contractual Delay Penalties Upheld: Liquidated...     TaxTMI    Tax Liability After Death: Section 93 Requires...     TaxTMI    Late Fee Clarification for GSTR-9C: Mandatory...     TaxTMI    Govt Amends PMLA to Empower Indian Cyber Crime...     TaxTMI    Tax Exemption for Mysore Palace Board Under Section...     TaxTMI    Travelers Can Carry Limited Agarwood Products...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Compensation for termination of lease agreement – amount ...


Court Rules Lease Termination Compensation as Capital Receipt, Not Taxable Under Income Tax Act Section 55(2)(a.

June 10, 2014

Case Laws     Income Tax     HC

Compensation for termination of lease agreement – amount received is a capital receipt and not liable to tax under Section 55(2)(a) of the Act - HC

View Source

 

← Previous Next →

 

You may also like:

  1. ITAT adjudicated a tax dispute concerning compensation receipt upon employment termination. The tribunal determined that ex-gratia payment constitutes a capital receipt,...

  2. Interest received on enhanced compensation u/s 56(2)(viii) is taxable as income from other sources and not under capital gains. The Punjab & Haryana High Court's...

  3. Receipt for relinquishment of right to sue the party - to be treated and taxed as business income OR capital receipts - the impugned compensation amount is not liable to...

  4. Nature of receipt against termination of lease agreement - taxable under the head income from other sources or income from house property or not taxable as capital...

  5. Receipt of compensation on termination of distributorship agreement is in the nature of revenue receipt - HC

  6. Characterization of receipt - Compensation receipt on termination of contract - Addition under Section 28(ii)(e) - The Tribunal differentiates between termination and...

  7. ITAT adjudicated compensation received for wind turbine generator (WTG) under-performance as capital receipt, not taxable. Relying on precedents in PCIT vs Xpro India...

  8. Characterization of interest received u/s 28 of the Land Acquisition Act, 1894, as part of enhanced compensation for compulsory acquisition of agricultural land. The key...

  9. Nature of receipt - Profits in lieu of salary or capital receipt - Receipt on termination of employment - Taxability u/s 17(3)(iii) - The Tribunal considered precedents...

  10. Compensation on termination of joint-venture agreement - the receipt of ₹ 6080.95 lakhs by the Assessee as a result of the termination of the JVA during AY...

  11. Relinquishment of right before development - Right to sue surrendered in lieu of getting compensation money - capital gain or business income - the impugned compensation...

  12. Capital receipt or revenue receipt - receipt of compensation under JV agreement - surrender of certain rights - there as no impairment of source of income - taxable as...

  13. Taxability of Cash compensation received – capital receipt vs Revenue receipt - Capital receipt in principle is outside the scope of income chargeable to tax. .... - AT

  14. Compensation received from the German publisher - Honorarium receipt - receipt represents compensation for the loss of a source of income - capital in nature - not taxable - HC

  15. Characterization of receipt - interest received by the assessee u/s 28 and 34 of the Land Acquisition Act, 1894 - The Delhi High Court, in a case concerning the...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Taxpayers Navigate Uncertain Terrain of GST Payments, Seeking Recourse...
F: Carried Interest Tax Analysis: GST Implications for Investment Fund Pr...
F: GST Compliance Challenge: Input Service Distributors Navigate Complex ...
F: Incorrect Export Sales Reporting: Taxpayers Must Amend GSTR-1, Match S...
F: Land Developer Faces Unexpected GST Liability on Unbooked Flats Despit...
F: Taxpayer Seeks IGST Refund for Excess Payment in Complex Tax Adjustmen...
F: Gold Import Compliance: Navigating Trade Agreements, IGST Refunds, and...
F: Manufacturer Seeks Duty-Free Replacement of Exported Goods with Expand...
A: Landmark Ruling: GST and Customs Arrest Powers Require Substantive Evi...
A: Tax Authorities Granted Five-Year Window for Assessment Under CGST Act...
A: Electronic Appeals and Digital Proceedings: GSTAT Streamlines Tax Disp...
A: Digital Transformation of NGO Tax Exemptions: Simplified 10A/10AB Regi...
A: Used Oil Recycling Mandate Requires Producers to Collect, Recycle, and...
A: Spotify Wins Trademark Battle Against 'Potify' App, Blocking Registrat...
A: Battery Producers Must Implement Comprehensive Waste Collection, Recyc...
A: Used Oil Waste Management in India: Comprehensive Legal Framework Bala...
A: India's Plastic Waste Management Rules Mandate Extended Producer Respo...
A: Manufacturers Must Collect and Recycle Vehicle Tyres Under New Extende...
A: Traffic Fine Disputes in India: Empowering Citizens to Challenge Wrong...
A: E-Waste Management in India: Comprehensive Regulatory Framework Promot...
H: Firm's Multi-State Registration Sparks Legal Scrutiny: GST Appeal Proc...
H: Technical Filing Glitch Overturned: GST Appeal Reinstated After Manual...
H: Landmark GST Ruling: Petitioners Win Right to Retroactive ITC Refund R...
H: High Court Quashes Demand Orders for Procedural Irregularities, Mandat...
H: Tax Notifications Upheld: Administrative Order Stands, Petitioner Reta...
H: High Court Suspends GST Tax Credit Reversal Order, Awaits Supreme Cour...
H: Pending Supreme Court Decision Governs GST Tax Notification Challenge,...
H: Judicial Intervention Halts Tax Proceeding: Violation of Natural Justi...
H: Pending Supreme Court Decision Halts Tax Notification Challenge, Manda...
H: Natural Justice Prevails: Procedural Defect Nullifies Order, Mandates ...