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Subsidy received from foreign joint venture partner to contribute in joint venture co. was a capital receipt

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  • Subsidy received from foreign joint venture partner to contribute in joint venture co. was a capital receipt
Posted onon May 6, 2019

Tenet Tax Daily April 27 2019

By tenettax-team
Corporate Tax, International Tax

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EMI method can be used for taxability of hire purchase transaction even if sum of digit method used for accounting
No penalty u/s 158BFA if income disclosed during search by assessee doesn’t exceed the income determined by AO

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