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2018 (5) TMI 1738 - SCH - Income TaxNature of receipt under the subsidy scheme - whether was not in the nature of a helping hand to the trade but was capital in nature - subsidy scheme of the State Government took the form of an exemption of entertainment duty in Multiplex Theatre Complexes newly set up, for a period of three years, and thereafter payment of entertainment duty @ 25% for the subsequent two years - Held that:- In view of the judgment in Commissioner of Income-Tax I, Kolhapur Vs. M/s. Chaphalkar Brothers Pune (2017 (12) TMI 816 - SUPREME COURT), these appeals also stand dismissed.
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