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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Accrual of income where issue has been referred to arbitration - ...

Case Laws     Income Tax

December 22, 2018

Accrual of income where issue has been referred to arbitration - there was no certainty of realization of the claim of the assessee - such amount of ₹ 26.10 crore did not have any right to receive acquired by the assessee and hence, cannot be held as income chargeable to tax in the hands of the assessee.

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