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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Compensation received for cancellation of development agreement ...

Income Tax

October 18, 2016

Compensation received for cancellation of development agreement - AO has developed a misplaced understanding of the nature of the transaction by treating it as capital receipt - assessee has carried out the expenditure towards the performance of the development agreement - to be treated as contractual receipt - AT

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