https://www.taxtmi.com/acts?id=32011 Amendment adds that receipts at or in connection with termination or modification of any business contract are included as business receipts, and that the fair market value of inventory on the date it is converted into or treated as a capital asset, determined in the prescribed manner, is to be included for income purposes. en-us Mon, 19 Mar 2018 14:35:37 +0530 Mon, 19 Mar 2018 14:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32011 Amendment adds that receipts at or in connection with termination or modification of any business contract are included as business receipts, and that the fair market value of inventory on the date it is converted into or treated as a capital asset, determined in the prescribed manner, is to be included for income purposes. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:35:37 +0530 https://www.taxtmi.com/acts?id=32011