https://www.taxtmi.com/caselaws?id=282974 The Tribunal determined that the sales tax subsidies received by the assessees were capital in nature based on the purpose for which the subsidies were granted by the Governments of Gujarat and West Bengal. Following the analysis of the schemes and purpose of the subsidies, the Tribunal allowed the appeals filed by the assessees, holding that the sales tax subsidies were not taxable. The decision was consistent with previous rulings and was pronounced on October 21, 2015, providing clarity on the treatment of sales tax subsidies as capital in nature. en-us Wed, 21 Oct 2015 00:00:00 +0530 Mon, 02 Sep 2019 16:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282974 The Tribunal determined that the sales tax subsidies received by the assessees were capital in nature based on the purpose for which the subsidies were granted by the Governments of Gujarat and West Bengal. Following the analysis of the schemes and purpose of the subsidies, the Tribunal allowed the appeals filed by the assessees, holding that the sales tax subsidies were not taxable. The decision was consistent with previous rulings and was pronounced on October 21, 2015, providing clarity on the treatment of sales tax subsidies as capital in nature. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282974