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2000 (4) TMI 17 - HC - Income Tax
Extract:
.......8 ITR 253 the sales tax subsidy received after production cannot be treated as capital receipt. In the result, we answer the question in the negative, i.e., in favour of the Revenue and against the assessee. The reference application is thus disposed of. All parties are to act on a xerox signed copy of this dictated order on the usual undertakings.