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2022 (12) TMI 458 - AT - Income TaxRectification of mistake u/s 154 - nature of receipt - subsidy receipt - subsidy received by it as industrial promotion assistance from the State Government of West Bengal was capital in nature but was wrongly included in the income offered to tax - HELD THAT:- As in the case of Ritum Jain [2022 (4) TMI 577 - ITAT KOLKATA] wherein we find that a similar issue has been adjudicated by this Tribunal deciding in favour of the assessee as allowed the appeal and direct the Assessing Officer to exclude the income from sales tax subsidy received from Govt. of West Bengal which has been inadvertently offered by the assessee for taxation and grant the appropriate relief / refund of the assessee.- Appeal of the assessee is allowed.
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