Sum received from Co. not taxable if it wasn't received on account of relinquishment of managerial rights

INCOME TAX : For invoking section 28(ii)(a) it has to be established whether amount due or received is against termination of any right which an assessee was enjoying by managing whole or substantially whole of affairs of an Indian company; where Assessing Officer did not record such finding, invocation of section 28(ii)(a) failed

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