https://www.taxtmi.com/highlights?id=70204 Nature of receipts due to settlement in the court - Right of Preemptive/right of first priority of purchase of the premises - assessee has claimed it as non-taxable and has credited directly to the capital accounts of the partners of the firm in their respective profit sharing ratio - The receipt may have any other incidence of taxability, but certainly not a Capital Gains. - AT en-us Thu, 08 Jun 2023 15:17:20 +0530 Thu, 08 Jun 2023 15:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70204 Nature of receipts due to settlement in the court - Right of Preemptive/right of first priority of purchase of the premises - assessee has claimed it as non-taxable and has credited directly to the capital accounts of the partners of the firm in their respective profit sharing ratio - The receipt may have any other incidence of taxability, but certainly not a Capital Gains. - AT Highlights Income Tax Thu, 08 Jun 2023 15:17:20 +0530 https://www.taxtmi.com/highlights?id=70204