https://www.taxtmi.com/caselaws?id=185121 The High Court dismissed the Revenue's appeal regarding the nature of subsidies received under the West Bengal Industrial Promotion Assistance Scheme. The Court upheld the Tribunal's decision that the subsidies were of capital nature and not taxable, citing a previous case law precedent. As no new substantial legal question was raised, the appeal was summarily dismissed, affirming the capital nature and non-taxability of the subsidies under the scheme. en-us Thu, 21 Jul 2011 00:00:00 +0530 Mon, 01 Aug 2016 14:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185121 The High Court dismissed the Revenue's appeal regarding the nature of subsidies received under the West Bengal Industrial Promotion Assistance Scheme. The Court upheld the Tribunal's decision that the subsidies were of capital nature and not taxable, citing a previous case law precedent. As no new substantial legal question was raised, the appeal was summarily dismissed, affirming the capital nature and non-taxability of the subsidies under the scheme. Case-Laws Income Tax Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185121