Receipt for Relinquishment of ‘Right to Sue’ Not Taxable: ITAT - 05.10.2018

Income Tax Appellate Tribunal (ITAT) has held that consideration received for relinquishment of ‘Right to Sue’ does not attract income tax either under section 45 or section 28 (va) of the Income Tax Act, 1961.

Tags : ITAT Receipt for Relinquishment Right to Sue

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