Sunday, March 3, 2019

Forfeiture of Earnest Money received during Negotiation of Capital Assets not taxable as Other Income before 2015: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the forfeiture of earnest money received during the negotiation of capital assets not taxable as other income before the amendment in the year 2015. The assessee had entered into an agreement to sell his property with one Sanjay Pashi after accepting the […]

The post Forfeiture of Earnest Money received during Negotiation of Capital Assets not taxable as Other Income before 2015: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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