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Govt. grant received by a co. owned by the Govt. is capital receipt even if it is used for operational exp.
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Corporate Tax
Govt. grant received by a co. owned by the Govt. is capital receipt even if it is used for operational exp.
Posted on
on
August 13, 2018
Tenet Tax Daily August 09 2018
By
tenettax-team
Corporate Tax
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Excess salary paid to MD in contravention of limit provided under co. Act was taxable as income: ITAT
Money retained by ONGC to ensure successful completion of contract to be taxed in year of actual receipt
