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Income Tax - Highlights / Catch Notes

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

Case Laws     Income Tax

December 16, 2022

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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