Income tax cannot be deducted on compensation amount given for acquiring land: Bombay HC

Income tax cannot be deducted on compensation amount given for acquiring land: Bombay HC

The National Hi-Speed Rail Corporation Limited had acquired a land at Bhiwandi in Thane for bullet train project The National Hi-Speed Rail Corporation Limited had acquired a land at Bhiwandi in Thane for bullet train project The Bombay High Court held that no income tax should be deducted on the compensation given for acquiring land […]

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