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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Taxability of government grants – following Accounting Standard ...

September 30, 2013

Case Laws     Income Tax     HC

Taxability of government grants – following Accounting Standard (AS)-22 one forth was offered for tax - Revenue has not been able to point out and state, how and why the reasoning can be faulted as the assessee had followed AS-12 - HC

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