Subsidy for Setting Up / Expansion of Industry is tax-free Capital Receipt
ITAT Delhi LG Electronics India Pvt. Ltd. Vs. ACIT Appeal Number : ITA No. 2163/Del/2015 Date of Judgement/Order : 19/04/2017 Assessment Year : 2008- 09 It is an admitted position that the assessee treated the amount of subsidy as a capital receipt, but, did not reduce it from the value of fixed assets and eventually… Read More »