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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Nature of income - The assessee has miserably failed to prove ...


Assessee's Amount Classified as Income from Other Sources, Not Surrender of Capital Rights, Due to Lack of Ownership Proof.

October 4, 2016

Case Laws     Income Tax     AT

Nature of income - The assessee has miserably failed to prove that it was owning any capital rights in the property in question which was purchased by the company - the amount received by the assessee HUF is not in lieu of surrender of any capital rights but its income from other sources - AT

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