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Tax on Damages for breach of contract received by Immovable property buyer

Case Law Details

Case Name : Rajesh Mayor Vs ITO (ITAT Amritsar)
Related Assessment Year : 2010-11
Courts : All ITAT ITAT Amritsar
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CA Vinamar Gupta

CA Vinamar GuptaThe law under section 51 and 56(2)(ix) provides for the taxability of forfeiture of advance money received in the hands of seller. Till

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Name: CA Vinamar Gupta
Qualification: CA in Practice
Company: S.Kumar Gupta & Co.
Location: AMRITSAR, Punjab, IN
Member Since: 01 Sep 2017 | Total Posts: 72
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