Saturday, September 15, 2018

Compensation received by ‘Jackie Shroff’ for withdrawing criminal case was capital receipt; not taxable

IT : Amount received by assessee as compensation for withdrawing a criminal case against accused who forged his signature for sale of shares, was to be regarded as capital receipt

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000183205/compensation-received-by-‘jackie-shroff’-for-withdrawing-criminal-case-was-capital-receipt-not-taxable.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...