Consideration for giving up rights to contest the will cannot be treated as other income

Editor2 09 Mar 2011 1,062 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Purvez A. Poonawalla Vs ITO (ITAT Mumbai)

Appeal Number : ITA No. 6476/MUM/2009

Date of Judgement/Order : 09/3/2011

Related Assessment Year : 2006-2007

Courts : All ITAT ITAT Mumbai

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Purvez A. Poonawalla Vs ITO (ITAT Mumbai)

Explore the legal battle: Purvez A. Poonawalla’s settlement with R.K.Bavasa, challenging the will of late Mrs. Mani Cawasa Bamji. Tax implications discussed.

Admittedly the assessee was the legal

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Consideration for giving up rights to contest the will cannot be treated as other income

Case Law Details

Purvez A. Poonawalla Vs ITO (ITAT Mumbai)

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Section 80DD amendment introduced vide Finance Act, 2022 cannot be given retrospective effect

Appeal to High Court lies only when a substantial question of law is involved: Madhya Pradesh HC

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Case Law Details

Purvez A. Poonawalla Vs ITO (ITAT Mumbai)

Tags:

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