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Income Tax - Highlights / Catch Notes

Home Highlights December 2010 Year 2010 This

Capital Loan Waiver in One-Time Settlement Not Taxable as Revenue Receipt Under Income Tax Act Section 28.


Capital Loan Waiver in One-Time Settlement Not Taxable as Revenue Receipt Under Income Tax Act Section 28.

December 9, 2010

Case Laws     Income Tax     HC

Waiver of capital loan under OTS is not taxable as revenue receipt u/s 28

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