Treatment of subsidy receipt - capital or revenue subsidy - ...

Subsidy Classification: Capital vs. Revenue - Assess on Merits, Not Just Sales Tax Proportion.

May 19, 2016

Case Laws Income Tax AT

Treatment of subsidy receipt - capital or revenue subsidy - Merely because subsidy received was equivalent to a substantial percentage of the sales tax paid, it cannot be construed that the same was in form of refund of sales tax paid and exigible to tax - AT

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Treatment of subsidy receipt - capital or revenue subsidy - ...

Subsidy Classification: Capital vs. Revenue - Assess on Merits, Not Just Sales Tax Proportion.

May 19, 2016

Case Laws Income Tax AT

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