Accrual of income - Taxability of enhanced award pronounced by ...

Arbitrator's Enhanced Award Not Taxable Income Under Income Tax Act Due to Interim Payment Conditions.

October 15, 2015

Case Laws Income Tax HC

Accrual of income - Taxability of enhanced award pronounced by the arbitrator - Merely because by virtue of an interim order, with or without conditions, some payment is made for the purpose of Income tax Act, it would not constitute income and therefore there is no liability to pay tax on the day such interim payment is received. - HC

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Accrual of income - Taxability of enhanced award pronounced by ...

Arbitrator's Enhanced Award Not Taxable Income Under Income Tax Act Due to Interim Payment Conditions.

October 15, 2015

Case Laws Income Tax HC

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