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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Income u/s 2(24) - exercising of voting rights in a particular ...


Exercising Voting Rights Not Business Activity; Non-Recurring Receipt u/s 2(24) Not Taxable.

May 22, 2013

Case Laws     Income Tax     AT

Income u/s 2(24) - exercising of voting rights in a particular fashion - to exercise voting rights is not the business of the assessee. - The receipt was not of recurring in nature - not taxable - AT

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