Pan Am Hijack-Terror Attack: Can Compensation Received By Husband For Wife's Death Be Taxed As 'Income'?: Gujarat HC To Examine

The Gujarat High Court is set to examine as to whether the compensation received by the husband on account of his wife's death in a terror attack be taxed as his income. The Bench of Justice J. B. Pardiwala and Justice Nisha Thakore pondered over the question as to whether something that has been received as compensation could be taxed as one's income. In the instant case,...