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Income Tax - Highlights / Catch Notes

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Income from house property or income from other sources - ...


Compensation for non-occupancy not taxable as income from other sources if it can't be computed under specific head.

May 2, 2023

Case Laws     Income Tax     AT

Income from house property or income from other sources - receipt of compensation for non-occupancy - when any receipt falls under a specific Head, but the same cannot be computed under that head, then it cannot be assessed as income of the assessee under any other head - we hold that the amount is not taxable as income from other sources - AT

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