08 March 2013
AMOUNT RECD.IN INDIA AS COMPENSASTION FROM FOREIGN INSURANCE COMPANY IS TAXABLE OR NOT IN INDIA. THE AMOUNT RECIVED IS DUE TO AN ACCIDENT IN A FOREIGN COUNTRY AND THE ASSESSEE IS PERMANENTLY PHYSICALY DISABLE DUE TO THAT ACCIDENT. THE ASSESSEE HAD GONE TO THAT COUNTRY ONLY FOR A PLEASURE TRIP AT THAT TIME
CAclubindia
