Tax Management India. Com TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
← Previous Next →
  • Contents
  • Cases Cited
  • Referred In

 

User Login
Username  
Password  
Stay sign in     

Forget password        New User/ Regiser

 

2017 (12) TMI 477

Head Note:
Amount received by way of exemption of sales tax payments - trading receipt OR capital receipt hence not liable to tax? - HC [2017 (7) TMI 501 - DELHI HIGH COURT] held that the absence of any condition towards capital utilization meant that the policy makers envisioned greater profitability as an incentive for investors to expand units, for rapid industrialization of the state, ensuring greater employment. Clearly, the subsidy was revenue in nature - Held that:- Issue notice.

In the meantime, the operation of the impugned judgment shall remain stayed.

 


← Previous Next →

 

 

 

Discussion Forum
what is new what is new
 

Let's just recapitulate:

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.