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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Additions towards Entry Tax Exemption - As held in the various ...

Case Laws     Income Tax

January 20, 2021

Additions towards Entry Tax Exemption - As held in the various decisions, it is not relevant what mechanism was adopted by the State Govt. to award the incentive, but for what purpose this incentive were awarded whether these were awarded to benefit the units to function profitably or in order to bring capital inside the State in order to improve the industrial development in the State. As per the scheme, it is clear that incentives were awarded only because of new industrial units were commenced after 2004 - No additions - AT

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