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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Deduction u/s 10A - compensation/damages received by the ...


Termination Compensation from Export Contracts Qualifies as Business Income for Deduction u/s 10A.

April 20, 2019

Case Laws     Income Tax     HC

Deduction u/s 10A - compensation/damages received by the assessee on termination of export contract would be in the course of his export business and is to be treated as income derived from out of the business - qualifies for deduction

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