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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Capital receipt or revenue receipt – financial schemes in which ...


Court Rules Public Deposits in Financial Schemes Are Non-Taxable as Revenue Receipts, Assessee Acts as Custodian.

November 22, 2013

Case Laws     Income Tax     HC

Capital receipt or revenue receipt – financial schemes in which deposits were collected from the Public - The assessee is merely a custodian of the deposit - not taxable as revenue receipt - HC

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