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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Determine the character of subsidy in hands of recipient - ...


Kutch District's 2001 Incentive Scheme Deemed Capital in Nature for Assessee's Economic Development.

August 19, 2016

Case Laws     Income Tax     AT

Determine the character of subsidy in hands of recipient - Having gone through the preamble of the “Incentive Scheme 2001 for Economic Development of Kutch District” come to the conclusion that the incentive given in the present case to the assessee was capital in nature. - AT

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