Case Law Details
Case Name : DCIT Vs Grasim Industries Ltd (ITAT Mumbai)
Related Assessment Year : 2009-10
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
DCIT Vs Grasim Industries Ltd (ITAT Mumbai)
Interest subsidy under technology upgradation fund scheme is capital receipt
ITAT Mumbai held that interest subsidy received under technology upgradation fund scheme, though credited in the net off against the interest expenditure in the books of account is still capital in nature.
Facts- The main issue in the assessment was whether the subsidy received by the assessee for technology upgradation fund amounting to ₹ 83,42
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
