{"id":2471,"date":"2018-10-14T08:02:46","date_gmt":"2018-10-14T08:02:46","guid":{"rendered":"http:\/\/itatonline.org\/digest\/bhojisaon-infrastructure-pvt-ltd-v-ito-ahdtribwww-itatonline-org\/"},"modified":"2018-10-14T08:02:46","modified_gmt":"2018-10-14T08:02:46","slug":"bhojisaon-infrastructure-pvt-ltd-v-ito-ahdtribwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bhojisaon-infrastructure-pvt-ltd-v-ito-ahdtribwww-itatonline-org\/","title":{"rendered":"Bhojisaon Infrastructure Pvt. Ltd. v. ITO ( Ahd)(Trib),www.itatonline.org"},"content":{"rendered":"<p><strong>Allowing the appeal of the assessee the Tribunal held that \/The &#8220;right to sue&#8221; which arises on breach of a development agreement is a &#8220;personal right&#8221; and not a &#8220;capital asset&#8221; which can be transferred. Consequently, the damages received for relinquishment of the &#8220;right to sue&#8221; is a non-taxable capital receipt .<\/strong>( ITA. No. 2449\/Ahd\/2016, dt. 17.09.2018)(AY. 2008-09)\u00a0<\/p>\n<p><strong>[Click here to download PDF file]<\/strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Bhojison-capital-gains.pdf\">http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Bhojison-capital-gains.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 :Charge of income-tax \u2013Development agreement &#8211; The &#8220;right to sue&#8221; which arises on breach of a development agreement is a &#8220;personal right&#8221; and not a &#8220;capital asset&#8221; which can be transferred. Consequently, the damages received for relinquishment of the &#8220;right to sue&#8221; is a non-taxable capital receipt  [ S. 2(14) 28(va) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2471","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-DR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2471"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2471\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}