https://www.taxtmi.com/caselaws?id=70101 The Tribunal ruled in favor of the assessee, holding that the additional price and excise duty rebate received under the Incentive Scheme were capital receipts exempt from income tax. The Tribunal emphasized the obligation to repay term loans and the specific purpose outlined in the scheme, distinguishing these receipts from regular revenue income. It highlighted the nexus between the receipts and capital recoupment, citing precedents and the scheme's conditions for loan repayment. The Assessing Officer was directed to exclude these amounts from the assessee's total income, allowing the appeals. en-us Mon, 18 Oct 1993 00:00:00 +0530 Thu, 14 Apr 2011 13:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70101 The Tribunal ruled in favor of the assessee, holding that the additional price and excise duty rebate received under the Incentive Scheme were capital receipts exempt from income tax. The Tribunal emphasized the obligation to repay term loans and the specific purpose outlined in the scheme, distinguishing these receipts from regular revenue income. It highlighted the nexus between the receipts and capital recoupment, citing precedents and the scheme's conditions for loan repayment. The Assessing Officer was directed to exclude these amounts from the assessee's total income, allowing the appeals. Case-Laws Income Tax Mon, 18 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70101