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2015 (7) TMI 1349 - ITAT NAGPURAssessment u/s 153A - Disallowance of sales tax incentive - capital receipt or revenue receipt - CIT-A held that Sales Tax incentive availed for setting up of industrial undertaking claimed by assessee as capital receipt - HELD THAT:- On identical facts and circumstances we have taken a view in a group of cases of M/s Narendra Vegetable Products Pvt. Ltd. [2015 (7) TMI 1298 - ITAT NAGPUR] as held scheme of the State Government, the assessee is entitled for the exemption of the sales-tax incentive being a capital receipt in the hands of the assessee and that the claim being lawful in nature ought to have been entertained by the Assessing Officer while completing the assessment under section 153A of I.T. Act. - Decided in favour of the assessee.
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