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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Addition on account of disallowance of claim of VAT ...


Claim for VAT Reimbursement Disallowed: Bihar Government's VAT Subsidy Deemed a Non-Taxable Capital Receipt.

January 11, 2018

Case Laws     Income Tax     HC

Addition on account of disallowance of claim of VAT reimbursement - VAT subsidy received by the assessee from the Government of Bihar is a capital receipt and accordingly not chargeable to tax - HC

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