https://www.taxtmi.com/caselaws?id=247392 Entertainment tax exemption granted to a newly constructed cinema hall under the Rajasthan Entertainments and Advertisements Tax Act, 1957 was treated as a capital subsidy because the remission was designed to encourage construction and establishment of new cinema halls, not to subsidise business operations. The character of the receipt was determined by the object of the assistance, and the book entries showing collection and remittance of tax were not decisive. On that basis, the amount was held not to be a revenue receipt, and deletion of the related addition was justified. en-us Tue, 04 Mar 2014 00:00:00 +0530 Sat, 10 May 2014 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247392 Entertainment tax exemption granted to a newly constructed cinema hall under the Rajasthan Entertainments and Advertisements Tax Act, 1957 was treated as a capital subsidy because the remission was designed to encourage construction and establishment of new cinema halls, not to subsidise business operations. The character of the receipt was determined by the object of the assistance, and the book entries showing collection and remittance of tax were not decisive. On that basis, the amount was held not to be a revenue receipt, and deletion of the related addition was justified. Case-Laws Income Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247392