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2017 (12) TMI 634

Sales tax subsidy - addition to the income of the Assessee by treating it as revenue receipt - Held that:- With regard to the very same sales tax subsidy provided in the State of Haryana, pursuant to the Scheme in force in the said State during the AY in question, this Court, in Commissioner of Income Tax v. Johnson Matthey India (P) Limited [2015 (3) TMI 1305 - DELHI HIGH COURT] allowed it as cap .....

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circumstances of case, the ITAT was correct in law in deleting the addition/ disallowance to the extent of ₹ 2,08,59,280/- on custom duty on import of components for export purpose? (2) Whether on the facts and circumstances of case, the ITAT was correct in law in deleting the addition/disallowance relating to custom duty on inventory held in closing stock to the extent of ₹ 23,68,09,1 .....

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ure. With regard to the very same sales tax subsidy provided in the State of Haryana, pursuant to the Scheme in force in the said State during the AY in question, this Court, in Commissioner of Income Tax v. Johnson Matthey India (P) Limited (order dated 13th March 2015 in ITA No. 193 of 2015) answered the said issue in favour of the Assessee and against the Revenue. In that decision, this Court r .....

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