Nature of subsidy received under the Technology Upgradation Fund ...

Income Tax

August 28, 2018

Nature of subsidy received under the Technology Upgradation Fund Scheme - revenue or capital receipt - The subsidy was clearly for the purpose of upgrading the machinery and plant and for acquiring capital assets - Cannot be taxed as revenue receipt.

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Nature of subsidy received under the Technology Upgradation Fund ...

Income Tax

August 28, 2018

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