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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Taxability of compensation for giving-up of the litigation for ...

Income Tax

August 17, 2019

Taxability of compensation for giving-up of the litigation for land - right to sue - there could not be any transfer of a "right to sue" under Indian Law and any capital receipt arising from a right to sue cannot thus be considered capital gains u/s 45 and the cost of the said right being indeterminable - capital receipt not being part of sales consideration

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