Taxability of entertainment tax subsidy received by the assessee ...

Entertainment Tax Subsidy from State Government Should Not Reduce Asset Cost; Assessing Officer's View Rejected.

October 4, 2022

Case Laws Income Tax AT

Taxability of entertainment tax subsidy received by the assessee - Nature of receipts - Entertainment tax subsidy granted by the State Government is not for the purpose of utilizing on any particular or specified assets. That being the factual position emerging on record, the reasoning of the assessing officer that such subsidy would go to reduce the cost of assets is unacceptable. - AT

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Taxability of entertainment tax subsidy received by the assessee ...

Entertainment Tax Subsidy from State Government Should Not Reduce Asset Cost; Assessing Officer's View Rejected.

October 4, 2022

Case Laws Income Tax AT

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