Whether incentive received by the assessee by way of additional ...

High Court Rules Additional Quota for Free Sale Sugar as Capital Account, Not Taxable as Revenue Receipt.

September 24, 2013

Case Laws     Income Tax     HC

Whether incentive received by the assessee by way of additional quota for free sale sugar which is directly connected with the business activities of the assessee, was on capital account and hence not taxable as a revenue receipt - Held yes - HC

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