Tag Archives: Income

Case Laws on Income – section 2(24) of Income Tax Act

By | July 11, 2016

Case Laws on Income – section 2(24) of Income Tax Act S. 2(24) : Income – Capital  or revenue-Receipt representing compensation for loss of source of income would be treated as capital receipt. Assessee was a journalist by profession and was appointed as the foreign correspondent in India of a German news magazine. German publisher… Read More »