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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Taxability of Settlement amount received - The nature of ...

Income Tax

January 22, 2016

Taxability of Settlement amount received - The nature of settlement amount is of capital receipt and it cannot be categorized as income. Further this amount has been received against surrender of right to sue which cannot be considered for the purpose of capital gains u/s 45 - AAR

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