Additions towards Entry Tax Exemption - As held in the various ...

State Incentives for New Units Aim to Boost Industrial Development, Not Subject to Entry Tax Exemption Mechanism.

January 20, 2021

Case Laws Income Tax AT

Additions towards Entry Tax Exemption - As held in the various decisions, it is not relevant what mechanism was adopted by the State Govt. to award the incentive, but for what purpose this incentive were awarded whether these were awarded to benefit the units to function profitably or in order to bring capital inside the State in order to improve the industrial development in the State. As per the scheme, it is clear that incentives were awarded only because of new industrial units were commenced after 2004 - No additions - AT

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Additions towards Entry Tax Exemption - As held in the various ...

State Incentives for New Units Aim to Boost Industrial Development, Not Subject to Entry Tax Exemption Mechanism.

January 20, 2021

Case Laws Income Tax AT

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