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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Addition on account of Capital Subsidy u/s. 41(1) - to ...


Subsidy for Windmill Setup Not Taxable u/ss 41(1), 43(1), or 50 of Income Tax Act.

February 4, 2016

Case Laws     Income Tax     AT

Addition on account of Capital Subsidy u/s. 41(1) - to encourage the setting up of wind mill to promote generation of energy through non conventional sources - the subsidy received by the assessee is not taxable u/s 41(1), neither u/s 43(1) and nor u/s 50 - AT

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