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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

The award of compensation under motor accidents claims cannot be ...


Motor Accident Compensation and Interest Not Considered Income for Victims or Legal Heirs.

September 21, 2012

Case Laws     Income Tax     HC

The award of compensation under motor accidents claims cannot be regarded as income. - the interest on such award also cannot be termed as income to the legal heirs of the deceased or the victim himself - HC

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