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Section 2 in The Income Tax Act, 1961 [Entire Act]

grant or cash incentive or duty drawback or waiver or concession or reimbursement (by whatever name called) by the Central Government or a State Government ... kind to the assessee other than,— (a) the subsidy or grant or reimbursement which is taken into account for determination of the actual cost
Union of India - Section Cites 0 - Cited by 9440

Section 43 in The Income Tax Act, 1961 [Entire Act]

other person, in the form of a subsidy or grant or reimbursement (by whatever name called), then, so much of the cost as is relatable ... such subsidy or grant or reimbursement shall not be included in the actual cost of the asset to the assessee: Provided that where such subsidy
Union of India - Section Cites 0 - Cited by 2050
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