Capital receipt or Revenue receipt - Entertainment tax subsidy - ...

Entertainment Tax Subsidy Deemed Capital Receipt, Not Revenue; Unaffected by Explanation 10, Section 43(1) of Income Tax Act.

August 21, 2013

Case Laws Income Tax AT

Capital receipt or Revenue receipt - Entertainment tax subsidy - there was no obligation on assessee to utilize it for any specific purpose will not be hit by Explanation 10 to Sec. 43(1) - AT

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Capital receipt or Revenue receipt - Entertainment tax subsidy - ...

Entertainment Tax Subsidy Deemed Capital Receipt, Not Revenue; Unaffected by Explanation 10, Section 43(1) of Income Tax Act.

August 21, 2013

Case Laws Income Tax AT

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