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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Compensation received for foregoing the rights to sue against ...

Income Tax

July 5, 2019

Compensation received for foregoing the rights to sue against purchase of property - revenue or capital receipt - Once the compensation is held to be is only on account of foregoing right to sue, which is a right in personam the same cannot be brought to tax

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