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Income tax

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(Querist)
02 September 2008 " Interest income on the awards of arbitration should be considered as trading receipts and not taxed as income from other source " - Case law...

Plese explain the meaning of awards of arbitration?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
02 September 2008 award of arbitration is the pronouncement in respect of a dispute referred to by disputing parties of an agreement.

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