https://www.taxtmi.com/acts?id=31780 The amendment makes any amount received in connection with termination or modification of business contracts chargeable under Profits and gains of business or profession, and requires the fair market value of inventory, determined as prescribed on the date it is converted into or treated as a capital asset, to be chargeable under the same head. en-us Thu, 01 Feb 2018 17:04:23 +0530 Thu, 01 Feb 2018 17:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31780 The amendment makes any amount received in connection with termination or modification of business contracts chargeable under Profits and gains of business or profession, and requires the fair market value of inventory, determined as prescribed on the date it is converted into or treated as a capital asset, to be chargeable under the same head. Act-Rules Bills Thu, 01 Feb 2018 17:04:23 +0530 https://www.taxtmi.com/acts?id=31780