"01 August 1974" Archive

Circular No. 142-Income Tax dated 1-8-1974

Circular No. 142-Income Tax (01/08/1974)

Circular : No. 142-Income Tax The Board had occasion to consider whether the amount of subsidy received under 10 per cent Central Outright Grant of Subsidy Scheme for industrial units to be set up in certain selected backward districts/areas would constitute revenue receipt or capital receipt in the hands of the recipient for the purpo...

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