M/s. Godrej Consumer Products Limited And Others Versus The Additional Commissioner of Income Tax - Income Tax - ITAT MUMBAI - Tri - Remission of Loan Liability - sales tax payable by appellant was converted into loan - Held that - different benches of the Tribunal have been unanimous in holding that the concession received by the assessee from the state government for repaying the loan amount on an early date, which was liable to be paid on a future date as per the scheme of the government, can................................... Income Tax - Case Laws
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