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Relinquishment of Right to Sue Not Taxable as Capital Asset u/s 28; Not Considered Business Income.

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....Taxability of amount received - Relinquishment of right to sue is neither a capital asset nor taxable u/s 28 which provides specific types of receipt to be held taxable as business income. Relinquishment of right to sue does not find any mention therein. - HC....

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