Loan Waiver in One-Time Settlement Not Taxable as Revenue, Assessing Officer's Tax Decision Overturned.

Loan Waiver in One-Time Settlement Not Taxable as Revenue, Assessing Officer's Tax Decision Overturned. https://www.taxtmi.com/highlights?id=31701 Addition of principal amount of loan waived by the lender on account of one time settlement of loan - AO was not correct in taxing the aforesaid waiver of loan by treating the same as revenue receipt - AT en-us Sat, 15 Oct 2016 11:30:43 +0530 Sat, 15 Oct 2016 11:30:43 +0530 TaxTMI RSS Generator Loan Waiver in One-Time Settlement Not Taxable as Revenue, Assessing Officer's Tax Decision Overturned. https://www.taxtmi.com/highlights?id=31701 Addition of principal amount of loan waived by the lender on account of one time settlement of loan - AO was not correct in taxing the aforesaid waiver of loan by treating the same as revenue receipt - AT Highlights Income Tax Sat, 15 Oct 2016 11:30:43 +0530 https://www.taxtmi.com/highlights?id=31701