Capital gains treatment for interim compensation deemed to arise in the year of the final order. An amendment deems any compensation received pursuant to an interim order to be income chargeable under the head Capital gains of the previous year in which the final order of the court, Tribunal or authority is made; the provision takes effect from 1 April 2015.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains treatment for interim compensation deemed to arise in the year of the final order.
An amendment deems any compensation received pursuant to an interim order to be income chargeable under the head Capital gains of the previous year in which the final order of the court, Tribunal or authority is made; the provision takes effect from 1 April 2015.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.