The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the amount of compensation received under an option agreement cannot be brought to tax under the head “Income from House Property” under the provisions of Income Tax Act, 1961. The Tribunal further noted that the same is taxable as income from other sources. Coming […]
The post Compensation received under Option Agreement not Taxable as House Property Income: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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