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[Cites 0, Cited by 2] [Section 145B] [Entire Act]

Union of India - Subsection

Section 145B(1) in The Income Tax Act, 1961

(1)Notwithstanding anything to the contrary contained in section 145, the interest received by an assessee on any compensation or on enhanced compensation, as the case may be, shall be deemed to be the income of the previous year in which it is received.