https://www.taxtmi.com/caselaws?id=261554 The Appellate Tribunal upheld the decision of the Ld. CIT(A) regarding the treatment of subsidies received by the assessee under different government schemes as capital receipts. The Tribunal dismissed the Revenue's appeal, affirming that the subsidies were intended for public interest purposes like employment generation and industrial development, thus qualifying as capital receipts based on the "purpose test" and relevant judicial precedents. en-us Fri, 03 Jul 2015 00:00:00 +0530 Thu, 16 Jul 2015 08:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261554 The Appellate Tribunal upheld the decision of the Ld. CIT(A) regarding the treatment of subsidies received by the assessee under different government schemes as capital receipts. The Tribunal dismissed the Revenue's appeal, affirming that the subsidies were intended for public interest purposes like employment generation and industrial development, thus qualifying as capital receipts based on the "purpose test" and relevant judicial precedents. Case-Laws Income Tax Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261554