Nature of receipt of Premium on transfer of Market Linked Focus ...

Government Incentive from Market Linked Focus Product Scheme Not Classified as Income Under Income Tax Act Sections 2(24) & 28.

July 23, 2016

Case Laws Income Tax AT

Nature of receipt of Premium on transfer of Market Linked Focus Product Scheme scrips - revenue or capital receipt - the incentive given by the Government to the assessee for exploring the new market is a capital receipt, hence it cannot be treated as income either u/s 2(24) or 28 of the Act. - AT

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Nature of receipt of Premium on transfer of Market Linked Focus ...

Government Incentive from Market Linked Focus Product Scheme Not Classified as Income Under Income Tax Act Sections 2(24) & 28.

July 23, 2016

Case Laws Income Tax AT

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