Subsidy received for setting up of or expansion of industry: Whether ‘Capital receipt’ or a ‘Revenue Receipt’

LG Electronics India Pvt. Ltd. vs. ACIT (ITAT Delhi)

Explanation 10 of clause (1) to section 43 of the Income Tax Act, 1961 (‘the Act’ for short) explains that where a portion of the cost of an asset acquired by the assessee has

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