TMI BlogNature of receipt - revenue or capital receipt - sales tax paid is received as a grant from the State...Nature of receipt - revenue or capital receipt - sales tax paid is received as a grant from the State Govt - As the subsidy received by the assessee in the form of refund of sales tax paid from the Sate Govt of AP is to be treated as revenue receipts. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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