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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Taxability of compensation received appellant from the Insurance ...

Income Tax

December 5, 2014

Taxability of compensation received appellant from the Insurance Company on account of destruction of Wind Mill u/s 50 – Tribunal committed an error in applying provisions of section 41(2) - HC

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  10. The surrendered value of keyman insurance policy received during the previous year had also to be considered as part of the composite income on which Rule 8 has to be applied - AT

 

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