In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has granted relief to the Maharashtra Industrial Development Corporation (MIDC) and held that the entity is not liable to pay income tax for the income generated from lease rent and development charges on the land acquired by them. The assessee a state-run corporation, […]
The post Income Tax Exemption to MIDC for payment on Land Lease Receipts: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/2xyxE7w
No comments:
Post a Comment