a) OCC Sdn Bhd (OCC) is a subcontractor in the oil and gas industry. During the year 2021, OCC has 10 ongoing contracts, however, the customer of the major contract terminated the contract prematurely. The terminated contract contributes to 80% of the annual revenue of OCC, and still has a contract term of 3 years. The client made a compensation of RM 20million to OCC for the early termination. Required: Discuss the taxability of the compensation received by OCC. (6 marks) a) OCC Sdn Bhd (OCC) is a subcontractor in the oil and gas industry. During the year 2021, OCC has 10 ongoing contracts, however, the customer of the major contract terminated the contract prematurely. The terminated contract contributes to 80% of the annual revenue of OCC, and still has a contract term of 3 years. The client made a compensation of RM 20million to OCC for the early termination. Required: Discuss the taxability of the compensation received by OCC. (6 marks)