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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Capital receipt versus casual and non-recurring income - Whether ...

Income Tax

December 7, 2011

Capital receipt versus casual and non-recurring income - Whether the Tribunal was right in holding that Section 10(3) of the Income Tax Act, 1961 was not applicable and that the amount received for surrender of tenancy right was not assessable to tax under the Income-Tax Act, 1961 - Held yes. .... - HC

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