The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the industrial Promotion Assistance (IPA) received by the assessee-Company from the West Bengal Government pursuant to the West Bengal Industrial Promotion Assistance Scheme 2000 is a capital receipt in the form of subsidy and not subject to income tax. The West […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2Y03o1Z
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