[aaykarbhavan] Interest earned on Govt. grant not taxable if it formed part of grant to be released in totality

 

Interest earned on Govt. grant not taxable if it formed part of grant to be released in totality

March 19, 2014[2014] 42 taxmann.com 405 (Gujarat)

IT: Interest earned on Central Government grant which had so far released, would not be treated as a taxable income of assessee if conditions stipulated that interest so earned would form part of Central grant

Regards

Prarthana Jalan

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