Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Compensation for Lost Income Source from Bank Services Deemed Capital in Nature, Not Taxable Income.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Compensation received on losing its right to receive income in respect of services being rendered by the assessee to the Bank is a loss of source of income - held as capital in nature - AT....