TMI BlogThe subsidy received as Excise Duty reimbursement from the State of Bihar was in the nature of capital...The subsidy received as Excise Duty reimbursement from the State of Bihar was in the nature of capital receipt. Hence the same cannot be added to arrive at book profits u/s 115J - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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