Monday, April 6, 2020

Subsidy received for repayment of term loans undertaken for setting up new unit was non-taxable capital receipt

INCOME TAX: Where assessee received subsidy for repayment of term loans for technology upgradation undertaken for setting up new unit, said subsidy was towards capital stream and, consequently, was not taxable

from www.taxmann.com Latest Case Laws https://ift.tt/3bU0IIp
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