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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Business income or capital gain - Sale of Sales Tax Exemption ...


Debate on Classifying Sales Tax Exemption Entitlement as Business Income or Capital Gain; Subsidies as Revenue Receipts.

October 17, 2013

Case Laws     Income Tax     AT

Business income or capital gain - Sale of Sales Tax Exemption Entitlement - there is no dispute that the subsidies granted are revenue receipts and have been granted after setting up of the new industries and after commencement of production. - AT

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