Taxing the compensation received - whether be taxed as Capital ...

Income Tax

October 5, 2015

Taxing the compensation received - whether be taxed as Capital Receipt? - the fact that the land has remained with the assessee and that the assessee in future may earn profits from the said land cannot be a ground to hold that the compensation received by the assessee in lieu of damage caused to the land was revenue receipt. - AT

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Taxing the compensation received - whether be taxed as Capital ...

Income Tax

October 5, 2015

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