Determination of amount payable as compensation - the cut-off ...

Case Laws     Income Tax

March 15, 2021

Determination of amount payable as compensation - the cut-off date for the purpose of determining its taxability is the date when the assessee was found to be entitled to receive the compensation and not the date when it was actually received by the assessee. In the light of the above we do not find any merit in appeal of the assessee. - AT

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