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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Whether the power subsidy received by the assesse is taxable as ...


Court Rules Power Subsidy as Taxable Revenue Receipt, Not Capital Receipt, in Income Computation.

July 30, 2013

Case Laws     Income Tax     HC

Whether the power subsidy received by the assesse is taxable as a revenue receipt in the computation of the income - the amount of power subsidy/rebate is certainly a trading receipt not a capital receipt - HC

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