The subsidy received as Excise Duty reimbursement from the State ...

Income Tax

January 17, 2017

The subsidy received as Excise Duty reimbursement from the State of Bihar was in the nature of capital receipt. Hence the same cannot be added to arrive at book profits u/s 115J - HC

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The subsidy received as Excise Duty reimbursement from the State ...

Income Tax

January 17, 2017

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