<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Compensation for waiving the right to sue over property purchase is a capital receipt, not taxable.</title>
    <link>https://www.taxtmi.com/highlights?id=47716</link>
    <description>Compensation received for foregoing the rights to sue against purchase of property - revenue or capital receipt - Once the compensation is held to be is only on account of foregoing right to sue, which is a right in personam the same cannot be brought to tax</description>
    <language>en-us</language>
    <pubDate>Fri, 05 Jul 2019 06:30:55 +0530</pubDate>
    <lastBuildDate>Fri, 05 Jul 2019 06:30:33 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=577747" rel="self" type="application/rss+xml"/>
    <item>
      <title>Compensation for waiving the right to sue over property purchase is a capital receipt, not taxable.</title>
      <link>https://www.taxtmi.com/highlights?id=47716</link>
      <description>Compensation received for foregoing the rights to sue against purchase of property - revenue or capital receipt - Once the compensation is held to be is only on account of foregoing right to sue, which is a right in personam the same cannot be brought to tax</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Fri, 05 Jul 2019 06:30:55 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=47716</guid>
    </item>
  </channel>
</rss>