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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Where the assessee had received the alleged subvention amount or ...

Case Laws     Income Tax

September 14, 2019

Where the assessee had received the alleged subvention amount or the subsidy as referred to by the Assessing Officer / TPO / DRP, the amount received by assessee from its parent company Nalco, USA was a capital receipt in the hands of assessee and hence, was not taxable in its hands. - AT

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