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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Nature of Incentive received - the incentive given by the ...


Government Incentive for Market Exploration Classified as Capital Receipt, Not Income u/ss 2(24) or 28 of Income Tax Act.

October 14, 2019

Case Laws     Income Tax     AT

Nature of Incentive received - the incentive given by the Government to the assessee for exploring the new market is a capital receipt, hence it cannot be treated as income either under Section 2(24) or 28

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