https://www.taxtmi.com/highlights?id=105153 Section 68 additions for share capital, share premium and unsecured loans cannot stand where remand enquiries accept subscriber identity, creditworthiness, genuineness, funding explanations and creditor evidence, including subsequent repayment; the additions were deleted. Industrial incentives, including excise-duty exemption, transport, interest and insurance subsidies, and VAT/CST remission, were characterised by their purpose of promoting North-East industrial development rather than trading profits. They were treated as capital receipts and excluded from normal computation; receipts not constituting income were also excluded from book profit, with specified 2013-14 receipts receiving that treatment. en-us Mon, 19 Oct 2026 07:01:13 +0530 Mon, 19 Oct 2026 07:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105153 Section 68 additions for share capital, share premium and unsecured loans cannot stand where remand enquiries accept subscriber identity, creditworthiness, genuineness, funding explanations and creditor evidence, including subsequent repayment; the additions were deleted. Industrial incentives, including excise-duty exemption, transport, interest and insurance subsidies, and VAT/CST remission, were characterised by their purpose of promoting North-East industrial development rather than trading profits. They were treated as capital receipts and excluded from normal computation; receipts not constituting income were also excluded from book profit, with specified 2013-14 receipts receiving that treatment. Highlights Income Tax Mon, 19 Oct 2026 07:01:13 +0530 https://www.taxtmi.com/highlights?id=105153