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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Nature of receipt - the compensation received by the assessee is ...


Compensation for Sterilization of Profit-Making Apparatus Deemed Capital, Not Taxable for Assessee.

November 6, 2018

Case Laws     Income Tax     AT

Nature of receipt - the compensation received by the assessee is for sterilization of the profit making apparatus of the assessee company - receipt is capital in nature - not taxable.

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