Taxability of amount received by the assessee on the basis of ...

Arbitration Award Amount Not Taxable: Already Recorded as Receivable in Balance Sheet, Says Court.

December 16, 2022

Case Laws Income Tax AT

Taxability of amount received by the assessee on the basis of the award by the Arbitration Court - the amount was already shown by the assessee in the balance sheet as receivable from Mr.Prabir Ghose and therefore, once the arbitrator gives the award for refund the same cannot be brought to tax in the hands of the assessee. - AT

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Taxability of amount received by the assessee on the basis of ...

Arbitration Award Amount Not Taxable: Already Recorded as Receivable in Balance Sheet, Says Court.

December 16, 2022

Case Laws Income Tax AT

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