https://www.taxtmi.com/caselaws?id=237304 The Court held that the incentive received under the 'Sampat Incentive Scheme' was of a capital nature and not taxable as a revenue receipt. However, the deduction for the unpaid production incentive bonus was disallowed as it could only be claimed for the amount actually paid in the previous year. The Court ruled in favor of the assessee on the tax treatment of the incentive but in favor of the revenue on the disallowance of the deduction for the unpaid bonus. The Tribunal was directed to act in accordance with the Court's decision. en-us Mon, 09 Sep 2013 00:00:00 +0530 Tue, 24 Sep 2013 21:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237304 The Court held that the incentive received under the 'Sampat Incentive Scheme' was of a capital nature and not taxable as a revenue receipt. However, the deduction for the unpaid production incentive bonus was disallowed as it could only be claimed for the amount actually paid in the previous year. The Court ruled in favor of the assessee on the tax treatment of the incentive but in favor of the revenue on the disallowance of the deduction for the unpaid bonus. The Tribunal was directed to act in accordance with the Court's decision. Case-Laws Income Tax Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237304