Tuesday, November 13, 2018

Sum received on relinquishment of 'right to sue' is non-taxable capital receipt: ITAT

IT : 'Right to sue is a right in personam which cannot be transferred and, thus, amount received as compensation in lieu of said right is not chargable to tax u/s 45

from www.taxmann.com Latest Case Laws https://ift.tt/2DBer9R
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