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2018 (3) TMI 1853 - AT - Income TaxCharacterization of income - sales-tax subsidy received from state government - revenue or capital receipt - HELD THAT:- This issue is squarely covered in favour of the assessee in assessee’s own case for AY 2003-04 to 2009-10, wherein the ITAT by following its own order in assessee’s own group case, M/s Narendra Vegetable Products Pvt Ltd [2015 (7) TMI 1298 - ITAT NAGPUR] has allowed the appeal of the assessee. We are of the considered view that sales-tax incentive received from state government being a capital receipt is not exigible to tax. The CIT(A), after considering relevant facts has rightly deleted addition made by the AO. We do not find any error in the order of the CIT(A) - Decided against revenue
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