Treatment of subsidy receipt - capital or revenue subsidy - ...

Income Tax

May 19, 2016

Treatment of subsidy receipt - capital or revenue subsidy - Merely because subsidy received was equivalent to a substantial percentage of the sales tax paid, it cannot be construed that the same was in form of refund of sales tax paid and exigible to tax - AT

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Treatment of subsidy receipt - capital or revenue subsidy - ...

Income Tax

May 19, 2016

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Treatment of sales tax subsidy - CIT(A) treated it as revenue receipts - , it would be in the nature of capital receipt not liable to tax - AT

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