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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Compensation/ additional sum received for delay in payment of ...

Income Tax

May 17, 2019

Compensation/ additional sum received for delay in payment of proceeds of shares tendered under the open offer - the reason for increasing the offer by the said sum may be on account of delay in issuance of the shares, nevertheless, the same was nothing but part of the sale price of the share - cannot be seen as an interest on delayed payment on price of the share - clearly a capital receipt

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