Where the grants are received for assets which are outside the block of assets, then what is the treatment of such grants.

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Income Tax
Manuals
Dated:- 31-8-2017
Manual - ICDS VII : Government Grants Not being related to depreciable assets, these grants have, necessarily, to be recognized as incomes. Howeve .....

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..... ar of receipt, the prescription in para 6 of ICDS VII should yield to provisions of the Act. It is only when the grant is recognised because there is reasonable certainty of receipt, that the same may .....

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