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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Capital receipt not chargeable to tax - bifurcation of income - ...

Case Laws     Income Tax

May 22, 2015

Capital receipt not chargeable to tax - bifurcation of income - The negative covenants therein are not at all unusual in such cases. There is nothing to indicate that they were introduced to avoid tax.The submission that there was no consideration for the negative covenants is therefore rejected - HC

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