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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Money received by the assessee by way of enhanced ...


Supreme Court's 1986 Ruling on Enhanced Compensation Applies Despite Income Tax Act Section 45(5) Changes.

December 9, 2015

Case Laws     Income Tax     HC

Money received by the assessee by way of enhanced compensation/interest - the decision in CIT v. Hindustan Housing and Land Development Trust Limited (1986 (7) TMI 10 - SUPREME Court ) is to be applied despite Section 45(5) of the Act. - HC

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