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Income Tax - Highlights / Catch Notes

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Nature of subsidy received - Capital or revenue receipt - Though ...

Case Laws     Income Tax

June 9, 2020

Nature of subsidy received - Capital or revenue receipt - Though the principles of res judicata doesn’t apply in the income tax proceedings, however, it has also been laid down by the Courts that unless there are changes in the facts and circumstances of the case, past consistent position so adopted should not be disturbed

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