https://www.taxtmi.com/highlights?id=70303 Deduction u/s 80IB on Central Excise Duty refund - receipt of the subsidy was capital in nature as the assessee was obliged to utilize the subsidy only for repayment of term loans undertaken by the assessee for setting up new units/expansion of existing business. - In factual matrix the capital subsidy as capital receipt cannot be the part of the calculation of deduction U/s 80IB of the Act. - AT en-us Tue, 13 Jun 2023 09:11:56 +0530 Tue, 13 Jun 2023 09:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70303 Deduction u/s 80IB on Central Excise Duty refund - receipt of the subsidy was capital in nature as the assessee was obliged to utilize the subsidy only for repayment of term loans undertaken by the assessee for setting up new units/expansion of existing business. - In factual matrix the capital subsidy as capital receipt cannot be the part of the calculation of deduction U/s 80IB of the Act. - AT Highlights Income Tax Tue, 13 Jun 2023 09:11:56 +0530 https://www.taxtmi.com/highlights?id=70303