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Nature of interest received - revenue receipt or capital receipt - compensation for breach of contract relating to capital assets - Merely because the tax has been deducted by the builder and recorded it in his books of account as revenue expenditure the same cannot be treated as revenue receipt. - Tri

Income Tax - Nature of interest received - revenue receipt or capital receipt - compensation for breach of contract relating to capital assets - Merely because the tax has been deducted by the builder .....

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