Case Law Details
Case Name : Virendra Bhavanji Gala Vs PCIT (ITAT Mumbai)
Appeal Number : ITA No. 1654/Mum/2023
Date of Judgement/Order : 30/08/2023
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Mumbai
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Virendra Bhavanji Gala Vs PCIT (ITAT Mumbai)
ITAT Mumbai held that damage on account of right to sue is a capital receipt and accordingly not chargeable to tax.
Facts- The assessee is an individual who entered into an MOU with
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