Corporate & Professional Updates for 27 Oct 2015
PROFESSIONAL UPDATE FOR 27th OCTOBER 2015 INCOME TAX ACT SECTION 5 INCOME – ACCRUAL OF Interim award : Interim award received by assessee pursuant to order of High Court is not liable to tax in year of receipt but in year when final award is passed by High Court – [2015] 174 (Karnataka) SECTION 35 …