A Mere Right to Sue Not Subject to Income Tax under Capital Gains, Not Transferable: ITAT [Read Order]

A Mere Right to Sue Not Subject to Income Tax under Capital Gains - Not Transferable - ITAT - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that a mere right to sue could not be subject to income tax under the head of capital gains and would not be transferable. The assessee,Ishvakoo Grand Plaza was a firm having income from Business or Profession.  During the year under consideration, the assessee…

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