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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
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<h1>Revenue Receipts Taxable Unless Exempt; Capital Receipts Typically Exempt Unless Taxed by Specific Provision Under Income-Tax Law</h1> Under the Income-tax Law, all revenue receipts are generally taxable unless specifically exempted, while capital receipts are typically exempt unless there is a specific provision for their taxation.