Compensation recieved taxable?
This query is : Open
16 May 2017
I have a query as to whether any compensation received under redevlopment programme from the builder for temporary shift of residence taxable?
16 May 2017
No, because the payment is to mitigate the hardship caused to the assessee because of his house undergoing redevelopment.
16 May 2017
thank you so much sir for your reply. Further, sir can you please provide me with any case law or section of the act where it is specifically mention about this because i have searched about ot but have not found anything about the subject matter?
16 May 2017
Jitendra Kumar Soneja Vs. I.T.O [2016] 161 ITD 269 (Mum - Tri).
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