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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

The income received from the cancellation of the contract and ...


Income from Contract Cancellation and Interest Classified as Revenue Receipts for Assessee.

December 11, 2016

Case Laws     Income Tax     HC

The income received from the cancellation of the contract and the interest thereon received would all constitute revenue receipt in the hands of the assessee - HC

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