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Compensation received in connection with termination of share purchase agreement to be taxed as revenue receipt
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Corporate Tax
Compensation received in connection with termination of share purchase agreement to be taxed as revenue receipt
Posted on
on
March 5, 2016
Tenet Tax Daily March 05 2016
By
tenettax-team
Corporate Tax
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Subsidy received from AE for specific purpose can’t be treated as income until it is spent
Loss making entity couldn’t be excluded from list of comparable without assigning any cogent reason for the same
