https://www.taxtmi.com/highlights?id=20991 STCG - extinguishment would normally connote a situation where an asset goes out of existence – thus, surplus arising on account of compensation received by the assessee cannot be assessed under the head “capital gain“ because no asset came into existence with the assessee. - AT en-us Fri, 12 Dec 2014 10:51:37 +0530 Fri, 12 Dec 2014 10:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=20991 STCG - extinguishment would normally connote a situation where an asset goes out of existence – thus, surplus arising on account of compensation received by the assessee cannot be assessed under the head “capital gain“ because no asset came into existence with the assessee. - AT Highlights Income Tax Fri, 12 Dec 2014 10:51:37 +0530 https://www.taxtmi.com/highlights?id=20991