Amounts received under the Focus Market Scheme - capital OR ...

Case Laws Income Tax

October 23, 2023

Amounts received under the Focus Market Scheme - capital OR revenue receipt - The subsidy received from Government of India under the Focus Market Scheme is Revenue in nature and the same was given to offset higher cost of freight and other disabilities of exporters to be more competitive in exports to certain regions. Thus, same cannot be at any stretch of imagination considered as capital in nature. - AT

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Amounts received under the Focus Market Scheme - capital OR ...

Case Laws Income Tax

October 23, 2023

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