Concealing a receipt in return attracts penalty even if due taxes are deposited

0 comments Saturday, December 15, 2012

     The assessee's services were terminated by the foreign company with which he was employed.
     The company Offered him continued employment for a limited tenure, on same terms and remuneration as before.The employer-company paid him an extraordinary compensation of VSD 10 lacs for retention and seaverance of his services.
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