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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Compensatory sum received in terms of settlement agreement for ...

Case Laws     Income Tax

July 8, 2016

Compensatory sum received in terms of settlement agreement for not using the word ‘Longman’ in the name or trade mark of the assessee - business income or a capital receipt not liable to tax - The consideration is not falling u/s 28(va)(b) - not taxable - AT

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