Settlement for Surrendering Right to Sue Deemed Capital Receipt, Not Taxable u/s 45 of Income Tax Act.

Settlement for Surrendering Right to Sue Deemed Capital Receipt, Not Taxable u/s 45 of Income Tax Act. https://www.taxtmi.com/highlights?id=27018 Taxability of Settlement amount received - The nature of settlement amount is of capital receipt and it cannot be categorized as income. Further this amount has been received against surrender of right to sue which cannot be considered for the purpose of capital gains u/s 45 - AAR en-us Fri, 22 Jan 2016 12:16:09 +0530 Fri, 22 Jan 2016 12:16:09 +0530 TaxTMI RSS Generator Settlement for Surrendering Right to Sue Deemed Capital Receipt, Not Taxable u/s 45 of Income Tax Act. https://www.taxtmi.com/highlights?id=27018 Taxability of Settlement amount received - The nature of settlement amount is of capital receipt and it cannot be categorized as income. Further this amount has been received against surrender of right to sue which cannot be considered for the purpose of capital gains u/s 45 - AAR Highlights Income Tax Fri, 22 Jan 2016 12:16:09 +0530 https://www.taxtmi.com/highlights?id=27018