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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Whether grant-in-aid received by the assessee is an incentive ...


High Court Rules Grant-in-Aid for Research as Capital Receipt, Not Revenue Receipt.

July 20, 2013

Case Laws     Income Tax     HC

Whether grant-in-aid received by the assessee is an incentive for conducting research so as to be treated as capital receipt and not as revenue receipt - Held yes - HC

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