[aaykarbhavan] Subsidy granted to compensate interest and storage cost on holding of buffer stock of sugar was revenue receipt

Subsidy granted to compensate interest and storage cost on holding of buffer stock of sugar was revenue receipt

August 25, 2014[2014] 47 taxmann.com 367 (Allahabad)/[2014] 361 ITR 637 (Allahabad)

IT: Where subsidy was given to assessee for holding buffer stock of sugar was to be treated as revenue receipt as object was to compensate assessee in running his business

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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