Subsidy received for repayment of term loans undertaken for setting up new unit was non-taxable capital receipt

Subsidy received for repayment of term loans undertaken for setting up new unit was non-taxable capital receipt

April 06, 2020
INCOME TAX: Where assessee received subsidy for repayment of term loans for technology upgradation undertaken for setting up new unit, said subsidy was towards capital stream and, consequently, was not taxable

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