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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Buffer stock subsidy - Nature of Receipt – whether grain-in-aid ...


High Court Rules Grain-in-Aid as Revenue Receipts for Tax Purposes, Impacts Buffer Stock Subsidies Classification.

January 25, 2014

Case Laws     Income Tax     HC

Buffer stock subsidy - Nature of Receipt – whether grain-in-aid received by the assessee would be revenue receipts - Held yes - HC

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