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Income Tax - Highlights / Catch Notes

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Nature of subsidy received - Capital or revenue receipt - ...


Subsidy Classification: Distinguishing Capital vs. Revenue Receipts Based on Purpose and Expenditure Coverage.

March 6, 2013

Case Laws     Income Tax     HC

Nature of subsidy received - Capital or revenue receipt - amount given as subsidy to meet any revenue expenditure can safely be termed as revenue receipt - HC

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