Taxability of subsidy - revenue of capital - subsidy to ...

Subsidy for Industrial Units in Maharashtra is Capital Receipt, Not Revenue; Section 2(24) Change from AY 2016-17.

April 9, 2019

Case Laws Income Tax AT

Taxability of subsidy - revenue of capital - subsidy to establish the industrial unit in backward regions of the Maharashtra State is in nature of capital receipt - quantification in the form of rebate on the Excise duty does not alter the nature of subsidy from capital to a revenue receipt - insertion of sub-clause (xviii) in Section 2(24) is prospective and effective from AY 2016-17

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Taxability of subsidy - revenue of capital - subsidy to ...

Subsidy for Industrial Units in Maharashtra is Capital Receipt, Not Revenue; Section 2(24) Change from AY 2016-17.

April 9, 2019

Case Laws Income Tax AT

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