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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Income from other sources - accrual of income - ITAT held that ...

Income Tax

September 5, 2020

Income from other sources - accrual of income - ITAT held that sum received by the assessee pursuant to a Development Agreement had not accrued as income - on facts, the AO could not have held that this is on account of a windfall gain to be brought to tax under the head 'income from other sources'. - HC

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