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Interest Subsidy for Textile and Jute Industries Classified as Capital Receipt u/s 115JB for Book Profit Calculation.

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Full Text of the Document

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....Book profit computation u/s. 115JB for capital receipt inform of interest subsidy - After considering the finding of the judicial pronouncement on this issue, the assessing officer is directed to treat the aforesaid amount of subsidy as capital receipt under Technology Upgradation Fund Scheme for Textile and Jute Industries. - AT....