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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Nature of Subsidy - The predominant purpose of the scheme is to ...

Case Laws     Income Tax

January 22, 2016

Nature of Subsidy - The predominant purpose of the scheme is to ensure that tea manufactures function more profitably and not for setting up of a new unit or expansion of the existing unit. - the subsidy in question is revenue subsidy and was rightly brought to tax - AT

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