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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Deduction u/s 80IC - interest awarded in an arbitration ...


High Court Rules Arbitration Interest for Delayed Payments as Business Income for Section 80IC Tax Deduction Purposes.

December 19, 2012

Case Laws     Income Tax     HC

Deduction u/s 80IC - interest awarded in an arbitration proceeding for delayed payments under a contract was to be recorded as business income and could not be treated as "income from other source" - HC

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