https://www.taxtmi.com/highlights?id=59518 Nature of receipt - revenue or capital receipt - sales tax paid is received as a grant from the State Govt - As the subsidy received by the assessee in the form of refund of sales tax paid from the Sate Govt of AP is to be treated as revenue receipts. - AT en-us Fri, 03 Sep 2021 14:23:24 +0530 Fri, 03 Sep 2021 14:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59518 Nature of receipt - revenue or capital receipt - sales tax paid is received as a grant from the State Govt - As the subsidy received by the assessee in the form of refund of sales tax paid from the Sate Govt of AP is to be treated as revenue receipts. - AT Highlights Income Tax Fri, 03 Sep 2021 14:23:24 +0530 https://www.taxtmi.com/highlights?id=59518