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Income Tax - Highlights / Catch Notes

Home Highlights May 2022 Year 2022 This

Taxability of amount received for giving up his rights over ...

Income Tax

May 16, 2022

Taxability of amount received for giving up his rights over properties - family settlement - sum received by assessee is traceable to the realisation of rights as legal heir of intestate succession and not to any sale, relinquishment or extinguishment of right to property. - Amount not taxable - AT

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