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Mr. Norman is a businessman in Namibia. He received N$ 1 million from his passive investment in Bank of Angola. The receiver of revenue has
Mr. Norman is a businessman in Namibia. He received N$ 1 million from his passive investment in Bank of Angola. The receiver of revenue has included this amount in his assessment for gross income. Mr. Norman objects to the assessment, contending that it does not form part of his gross income. Advise the receiver of revenue whether or not this amount can be included in Mr. Normans gross income.
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