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INCOME UNDER WHICH HEAD

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2009 MY CLIENT IS A PARTNERSHIP FIRM

* BOUGHT PROPERTY IN NAME OF FIRM IN 1989
* SOLD PART OF THE PROPERTY IN 2001, AND WE SHOWED INCOME UNDER CAPITAL GAIN
* IN 2002 PART WAS RESERVED BY CENTRAL GOVT FOR BSNL OFFICE, AND THEY PAID COMPENSATION - WE SHOWED THIS COMPENSATION UNDER CAPITAL GAIN.
* AS THE COMPENSATION WE RECEIVED WAS VERY LESS AND WE FILED A CASE IN COURT OF LAW - KNOW COURT AWARD SOME AMT -
UNDER WHICH HEAD WE HAVE TO SHOW THIS AMT - PLZ GIVE ME GUIDANCE - IF POSSIBLE WITH CASE LAW IF ANY

28 December 2009 Offcourse it is a capital gain.



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