Sale Proceeds Surpassing Asset Costs Are Capital Receipts, Not Business Income, Per Commercial Principles.

Sale Proceeds Surpassing Asset Costs Are Capital Receipts, Not Business Income, Per Commercial Principles. https://www.taxtmi.com/highlights?id=28623 Sale proceeds realized over and above the cost of asset cannot be categorized as business income under commercial principles rather it represents capital receipt - AT en-us Mon, 18 Apr 2016 08:15:35 +0530 Fri, 15 Apr 2016 15:23:56 +0530 TaxTMI RSS Generator Sale Proceeds Surpassing Asset Costs Are Capital Receipts, Not Business Income, Per Commercial Principles. https://www.taxtmi.com/highlights?id=28623 Sale proceeds realized over and above the cost of asset cannot be categorized as business income under commercial principles rather it represents capital receipt - AT Highlights Income Tax Mon, 18 Apr 2016 08:15:35 +0530 https://www.taxtmi.com/highlights?id=28623