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Income Tax - Highlights / Catch Notes

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Nature of Receipt – The subsidy though computed in terms of ...

Income Tax

October 18, 2013

Nature of Receipt – The subsidy though computed in terms of sales tax deferment or waiver, in essence it was meant for capital outlay expended by the assessee for set up of the unit in case of a new industrial unit and for expansion and diversification of an existing unit - capital in nature - HC

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