Contract Termination Compensation Considered Income u/s 28(ii)(c); Entire Agreement Must Be Examined for True Nature.

Contract Termination Compensation Considered Income u/s 28(ii)(c); Entire Agreement Must Be Examined for True Nature. https://www.taxtmi.com/highlights?id=45310 Compensation received on termination of contract - income u/s 28(ii)(c) - The true character of the relationship from the agreement would have to be gathered from reading the document as a whole - capital receipt in nature. en-us Fri, 22 Mar 2019 10:49:42 +0530 Fri, 22 Mar 2019 10:30:16 +0530 TaxTMI RSS Generator Contract Termination Compensation Considered Income u/s 28(ii)(c); Entire Agreement Must Be Examined for True Nature. https://www.taxtmi.com/highlights?id=45310 Compensation received on termination of contract - income u/s 28(ii)(c) - The true character of the relationship from the agreement would have to be gathered from reading the document as a whole - capital receipt in nature. Highlights Income Tax Fri, 22 Mar 2019 10:49:42 +0530 https://www.taxtmi.com/highlights?id=45310