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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

The donations received for specific purpose of acquiring the ...


Donations for Capital Assets Are Tied-Up Grants, Not Income, u/s 2(24)(ii)(a) of Income Tax Act.

December 2, 2017

Case Laws     Income Tax     AT

The donations received for specific purpose of acquiring the capital assets are tied up grants and cannot be treated as income u/s 2(24)(ii)(a) - AT

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