A two-Judge bench of the Delhi High Court has held that the Society of Indian Automobile Manufacturers ( SIAM ) is not liable to pay income tax on Rs.1,474.10 lakhs sanctioned by the Ministry. SIAM is the apex Industry body representing leading vehicle and vehicular engine manufacturers in India. In the instant case, the respondent/assessee […]
The post SIAM not liable to pay Tax on Financial Sanction from Ministry: Delhi High Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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