CharteredUniverse — AI workspace for chartered accountants
LoginSign Up
Back to Articles
Tax & ComplianceTaxGuru

Madras HC: ₹1 Million for Giving Up Share Purchase Right Is Capital Receipt

18 Aug 2026 · 18 Aug 2026By CA Vijayakumar Shetty

Madras HC held ₹1 million received for surrendering a share purchase right and withdrawing legal challenge was a capital receipt, not revenue income. The post Madras HC: ₹1 Million for Giving Up Share Purchase Right Is Capital Receipt appeared first on TaxGuru .

This article was aggregated from TaxGuru. Continue reading for the complete story.

Read on TaxGuru

More Articles

General

Piyush Goyal Urges People To Promote Swadeshi Products At Bharatiya Mahotsav

Piyush Goyal Urges People To Promote Swadeshi Products At Bharatiya Mahotsav

Business Today

General

undefined

undefined

Business Today

General

Gautam Adani Recalls Arriving In Mumbai At 16, Says The First Step Is Often Hardest

Gautam Adani Recalls Arriving In Mumbai At 16, Says The First Step Is Often Hardest

Business Today

General

Kaynes Tech share price: Jefferies, JPMorgan, Investec, CLSA - Highest & lowest targets

For Nuvama, Kaynes Tech’s Q1 print was a mixed bag. It noted that Kaynes' profit fell 24 per cent YoY, which was 7 per cent below its estimate, led by lower other income and higher tax rate.

Business Today