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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Taxation in the hands of power of attorney - Even if it is ...


Assessee Holding Power of Attorney: Money Received is Liability, Not Income, Under Tax Law.

August 17, 2017

Case Laws     Income Tax     AT

Taxation in the hands of power of attorney - Even if it is assumed that the assessee has received money and not handed over the same to the land owner such receipt is a liability not an income so far the assessee.

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