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Income Tax - Highlights / Catch Notes

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Determine the character of subsidy in hands of recipient - ...

Income Tax

August 19, 2016

Determine the character of subsidy in hands of recipient - Having gone through the preamble of the “Incentive Scheme 2001 for Economic Development of Kutch District” come to the conclusion that the incentive given in the present case to the assessee was capital in nature. - AT

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