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Sum paid for obtaining permanent right to use design engineering services won’t fall within the purview of royalty

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Posted onon January 19, 2015

Tenet Tax Daily January 19 2015

By tenettax-team
Corporate Tax, International Tax

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Compensation awarded under Motor Vehicle Act and interest accrued thereon in bank weren’t taxable
Income from growing of mushrooms in residential area under controlled conditions isn’t agricultural income

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