https://www.taxtmi.com/highlights?id=67144 Taxability of amount received by the assessee on the basis of the award by the Arbitration Court - the amount was already shown by the assessee in the balance sheet as receivable from Mr.Prabir Ghose and therefore, once the arbitrator gives the award for refund the same cannot be brought to tax in the hands of the assessee. - AT en-us Fri, 16 Dec 2022 12:36:27 +0530 Fri, 16 Dec 2022 12:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67144 Taxability of amount received by the assessee on the basis of the award by the Arbitration Court - the amount was already shown by the assessee in the balance sheet as receivable from Mr.Prabir Ghose and therefore, once the arbitrator gives the award for refund the same cannot be brought to tax in the hands of the assessee. - AT Highlights Income Tax Fri, 16 Dec 2022 12:36:27 +0530 https://www.taxtmi.com/highlights?id=67144