Thursday, July 26, 2018

Interest to be allowed if borrowings were used to set-up a JV connected to existing business

IT : Power subsidy received by assessee company from State Government under Power Intensive Industries Scheme, 2005, for setting up a new industrial unit in backward area was capital receipt and, thus, not liable to tax

from www.taxmann.com Latest Case Laws https://ift.tt/2NMdsVC
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