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Taxability of damages or compensation awarded by court?

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(Querist)
26 January 2014 Is the damages or compensation awarded by court a part of income or not? And what is its taxability status, under which section and what is the leading precedent for it?
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CA Ghanshyam Joshi

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CA Ghanshyam Joshi (Expert)
27 January 2014 General answer is not possible, contact your CA with detailed specific information.

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