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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Unrealized subsidy - It is a trite law that every receipt does ...


Unspent Subsidy Receipts Not Considered Income u/ss 4 and 5 of Income Tax Act.

July 16, 2013

Case Laws     Income Tax     AT

Unrealized subsidy - It is a trite law that every receipt does not tantamount to income, as per charging sections 4 & 5 - the receipt of unspent amount does not become income of the assessee. - AT

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