Nature of receipts - treatment to toll charges during the ...

Case Laws Income Tax

May 27, 2023

Nature of receipts - treatment to toll charges during the project construction - capital receipt or revenue receipts - toll receipts received during the period of project construction were inextricably linked to the project because it was mandatorily required to be used for the construction of the project - thus correctly treated as capital receipts and held that assessee had rightly reduced the same from the cost of project. - AT

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Nature of receipts - treatment to toll charges during the ...

Case Laws Income Tax

May 27, 2023

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