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1999 (3) TMI 62 - CALCUTTA HIGH COURT
Extract:
....... the incentive has been received by the assessee for payment of the loan, which was taken for expansion of plant and machinery---a capital asset. Therefore, in view of the decision of their Lordships, the receipt is a capital receipt. Accordingly, we answer the question in the affirmative, that is, in favour of the assessee and against the Revenue.