https://www.taxtmi.com/highlights?id=53896 Income from other source OR Capital gain - Correct head of income - relinquishing the right acquired under the Agreement by the Assessee - income from relinquishing rights under an agreement should be assessed under the head income from capital gains. - However, as is clear from s. 48, before the income chargeable under the head capital gains is computed, the deductions set out in s. 48 has to be given to the assessee. en-us Thu, 02 Jul 2020 08:25:10 +0530 Thu, 02 Jul 2020 08:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53896 Income from other source OR Capital gain - Correct head of income - relinquishing the right acquired under the Agreement by the Assessee - income from relinquishing rights under an agreement should be assessed under the head income from capital gains. - However, as is clear from s. 48, before the income chargeable under the head capital gains is computed, the deductions set out in s. 48 has to be given to the assessee. Highlights Income Tax Thu, 02 Jul 2020 08:25:10 +0530 https://www.taxtmi.com/highlights?id=53896