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![Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order] Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg)
Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal, in a recent ruling held that “grant-in Aids” received by the State Fisheries Development...