LTCG - surrender of right sue under MOU and withdrawal of ...

Income Tax

July 18, 2019

LTCG - surrender of right sue under MOU and withdrawal of complaint before criminal court - compensation along with interest, towards loss of profit/liquidated damage for loss of opportunity to develop the property and sale of flats in the open market and towards the cost of litigation - amount received by the assessee in excess of advance is on account of compensation for extinction of its right to sue the owner, the receipt is a Capital receipt

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LTCG - surrender of right sue under MOU and withdrawal of ...

Income Tax

July 18, 2019

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