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Aakash Mehta

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Mansukhlal Hiralal & Co., Advocates & Solicitors

BUSINESS

Transit rent not subject to TDS: Bombay HC

The `transit rent' received by displaced owners towards temporary alternative accommodation in case of projects under redevelopment is not income, and hence not taxable. Both the HC and the ITAT have clarified this.

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Aakash Mehta

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