https://www.taxtmi.com/highlights?id=26566 Compensation on termination of joint-venture agreement - the receipt of ₹ 6080.95 lakhs by the Assessee as a result of the termination of the JVA during AY 1998-99 was a capital receipt but in light of Section 55 (2) (a) of the Act as it stood at the relevant time, the said amount cannot be brought to capital gains tax. - HC en-us Wed, 23 Dec 2015 13:48:14 +0530 Wed, 23 Dec 2015 13:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26566 Compensation on termination of joint-venture agreement - the receipt of ₹ 6080.95 lakhs by the Assessee as a result of the termination of the JVA during AY 1998-99 was a capital receipt but in light of Section 55 (2) (a) of the Act as it stood at the relevant time, the said amount cannot be brought to capital gains tax. - HC Highlights Income Tax Wed, 23 Dec 2015 13:48:14 +0530 https://www.taxtmi.com/highlights?id=26566