PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Compensation received by assessee from builder for non-delivery of property within stipulated time is a capital receipt not chargeable to income tax. Assessee had applied for cancellation of allotment which was accepted by builder, who calculated compensation considering 12% interest per annum. Assessee had taken housing loan for investment in property and repaid interest to bank. Compensation received for cancellation of allotment due to non-handover within time is not taxable in assessee's hands.
Compensation received by assessee from builder for non-delivery of property within stipulated time is a capital receipt not chargeable to income tax. Assessee had applied for cancellation of allotment which was accepted by builder, who calculated compensation considering 12% interest per annum. Assessee had taken housing loan for investment in property and repaid interest to bank. Compensation received for cancellation of allotment due to non-handover within time is not taxable in assessee's hands.
Note: It is a system-generated summary and is for quick reference only.
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