https://www.taxtmi.com/caselaws?id=240890 The High Court dismissed all appeals filed by the Department under Section 260-A of the Income Tax Act, 1961 against the judgments and orders of the Income Tax Appellate Tribunal for various assessment years. The Court held that the incentive bonus and amount received by the assessee were of capital nature and not liable to be taxed as revenue receipts. The Court found in favor of the assessee, citing relevant case laws and upholding the Tribunal's decision to delete the addition of the incentives. Consequently, the Income Tax Appeals were dismissed at the admission stage due to the absence of substantial questions of law. en-us Wed, 11 Dec 2013 00:00:00 +0530 Fri, 13 Dec 2013 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240890 The High Court dismissed all appeals filed by the Department under Section 260-A of the Income Tax Act, 1961 against the judgments and orders of the Income Tax Appellate Tribunal for various assessment years. The Court held that the incentive bonus and amount received by the assessee were of capital nature and not liable to be taxed as revenue receipts. The Court found in favor of the assessee, citing relevant case laws and upholding the Tribunal's decision to delete the addition of the incentives. Consequently, the Income Tax Appeals were dismissed at the admission stage due to the absence of substantial questions of law. Case-Laws Income Tax Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240890