Daily Archives: August 24, 2015

Damage awarded by Trial Court for Specific performance

By | August 24, 2015

Damage awarded by Trial Court for Specific performance Q  What is the Taxability of damage awarded by Trial Court for Specific performance  ? Section 4, read with section 263 of the Income-tax Act, 1961 Subject :  Changeability of Income received as  Damages Assessment year 1995-96 Assessee had entered into an oral agreement with ECL  to… Read More »