https://www.taxtmi.com/caselaws?id=244760 The Tribunal allowed the Revenue's appeals, denying the deduction under section 80IA(4) for the sales tax incentive. It ruled that the incentive lacked a direct connection with the industrial undertaking, following precedents like the Liberty India case. The Tribunal remanded the issue of treating the incentive as a capital subsidy back to the CIT(A) for further consideration, disagreeing with the initial dismissal based on the Goetze India case. The Revenue's position was upheld, and the assessee's additional plea was accepted for statistical purposes. en-us Wed, 05 Mar 2014 00:00:00 +0530 Thu, 06 Mar 2014 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244760 The Tribunal allowed the Revenue's appeals, denying the deduction under section 80IA(4) for the sales tax incentive. It ruled that the incentive lacked a direct connection with the industrial undertaking, following precedents like the Liberty India case. The Tribunal remanded the issue of treating the incentive as a capital subsidy back to the CIT(A) for further consideration, disagreeing with the initial dismissal based on the Goetze India case. The Revenue's position was upheld, and the assessee's additional plea was accepted for statistical purposes. Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244760