https://www.taxtmi.com/highlights?id=51277 Unexplained cash credit u/s.68 on account of relinquishment of right - the amount of the compensation received by the assessee for relinquishment of its right to sue from societies to avoid the litigation cannot be treated as a colorable device. Hence, the amount received as compensation in view of said right is not chargeable to tax en-us Fri, 17 Jan 2020 18:37:43 +0530 Fri, 17 Jan 2020 18:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51277 Unexplained cash credit u/s.68 on account of relinquishment of right - the amount of the compensation received by the assessee for relinquishment of its right to sue from societies to avoid the litigation cannot be treated as a colorable device. Hence, the amount received as compensation in view of said right is not chargeable to tax Highlights Income Tax Fri, 17 Jan 2020 18:37:43 +0530 https://www.taxtmi.com/highlights?id=51277