https://www.taxtmi.com/caselaws?id=189733 The Tribunal determined that the interest subsidy received under the Technology Upgradation Fund Scheme (TUF Scheme) was capital in nature, intended to assist in acquiring new machinery for modernization. The Tribunal allowed the appeals filed by the assessee, directing the Assessing Officer to treat the subsidy as a capital receipt for the relevant assessment years. en-us Wed, 23 Dec 2015 00:00:00 +0530 Wed, 18 Jan 2017 21:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189733 The Tribunal determined that the interest subsidy received under the Technology Upgradation Fund Scheme (TUF Scheme) was capital in nature, intended to assist in acquiring new machinery for modernization. The Tribunal allowed the appeals filed by the assessee, directing the Assessing Officer to treat the subsidy as a capital receipt for the relevant assessment years. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189733