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Income Tax - Highlights / Catch Notes

Home Highlights November 2010 Year 2010 This

Incentive had to be utilized for the repayment of loans taken to ...


Loan Repayment Incentives for New Units Deemed Capital Receipt, Non-Taxable Status Confirmed.

November 16, 2010

Case Laws     Income Tax     HC

Incentive had to be utilized for the repayment of loans taken to set up new units – A capital receipt not taxable

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