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Income Tax - Highlights / Catch Notes

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Treatment of sales tax subsidy - the intention is not to ...


Sales Tax Subsidy Aims to Boost Regional Industry and Infrastructure, Classified as Capital Receipt, Not Taxable.

July 17, 2012

Case Laws     Income Tax     AT

Treatment of sales tax subsidy - the intention is not to increase the viability of the eligible units but to promote development of further industry and infrastructure in the region - a capital receipt not liable to tax. - AT

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