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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Receipt of liquidated damages - Surplus in our opinion had all ...


Liquidated Damages in Real Estate Case Classified as Business Profit Due to Trading Venture Nature.

October 14, 2015

Case Laws     Income Tax     AT

Receipt of liquidated damages - Surplus in our opinion had all the features of business profit, since assessee’s adventure or foray into real estate development was only a trading or business venture - AT

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