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Question ID : 254

compensation for breach of contract

dea sir
warehouses were constructed and letout to one company for 10 years and the company breached the contract of agreement and paid huge compensation for breach of contract
wheter the compensation is come from house property or from other sources or a capital receipt not attractg the tax '

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Posted by hathibelgal radha swamy on Sep 15, 2005
Filed Under DIRECT TAXES

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