https://www.taxtmi.com/caselaws?id=382525 The ITAT Chennai held that the compensation received for relinquishing a right to sue was a capital receipt and not taxable as capital gains or business income. Relying on judicial precedents, the ITAT allowed the appeal, concluding that the compensation was not liable to tax. The order was pronounced on May 10, 2019, in Chennai. en-us Fri, 10 May 2019 00:00:00 +0530 Fri, 05 Jul 2019 06:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382525 The ITAT Chennai held that the compensation received for relinquishing a right to sue was a capital receipt and not taxable as capital gains or business income. Relying on judicial precedents, the ITAT allowed the appeal, concluding that the compensation was not liable to tax. The order was pronounced on May 10, 2019, in Chennai. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382525