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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Book profit computation u/s. 115JB for capital receipt inform of ...

Income Tax

December 12, 2020

Book profit computation u/s. 115JB for capital receipt inform of interest subsidy - After considering the finding of the judicial pronouncement on this issue, the assessing officer is directed to treat the aforesaid amount of subsidy as capital receipt under Technology Upgradation Fund Scheme for Textile and Jute Industries. - AT

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