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2019 (1) TMI 1978 - AT - Income TaxCapital subsidy - incentive received by the assessee from Govt. of Maharashtra in the form of Octroi Refund - HELD THAT:- It is an admitted fact that the assessee has received incentive in the form of Octroi refund under Govt. of Maharashtra Package Scheme of Incentives, 2007. We find that the Coordinate Bench of the Tribunal in the case of ACIT Vs. M/s.Universal Construction Machinery and Equipments Ltd. [2018 (8) TMI 1752 - ITAT PUNE] in an identical set of facts has held subsidy received by the assessee under Package Scheme of Incentives, 2007 as capital in nature - Decided against revenue.
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