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Income Tax - Highlights / Catch Notes

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Taxability of compensation received - nexus with ...

Income Tax

Taxability of compensation received - nexus with professional activities - the said compensation did not accrue / arise out of exercise of profession by the assessee and could not be construed to be the income of the assessee or profits and gains of profession within the meaning of Section 2(24) and Section 28 of the Income Tax Act, 1961

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