Amount received covered u/s 10(3) - Revenue has been unable to ...

Income Tax

May 4, 2016

Amount received covered u/s 10(3) - Revenue has been unable to make out a case for treating the said receipt as of a casual and non-recurring nature that could be brought to tax u/s 10(3) r.w.s 56 - Having held that it could not be in the nature of capital gain it was not open to the Revenue to seek to bring it to a tax under the revenue receipt - HC

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Amount received covered u/s 10(3) - Revenue has been unable to ...

Income Tax

May 4, 2016

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