https://www.taxtmi.com/caselaws?id=386386 The HC upheld prior rulings and the ITAT's determination that government subsidies received under the export-promotion scheme and the state investment/electricity subsidy were capital receipts and not taxable. Applying the ratio of earlier SC decisions, the court found the export-related grant was a capital stream intended to enhance export capacity, not an operational revenue subsidy, and the electricity/investment incentive was linked to capital deployment and public interest. The HC found no infirmity in the ITAT/CIT(A) approach and dismissed the revenue's challenge. en-us Thu, 19 Sep 2019 00:00:00 +0530 Mon, 01 Sep 2025 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386386 The HC upheld prior rulings and the ITAT's determination that government subsidies received under the export-promotion scheme and the state investment/electricity subsidy were capital receipts and not taxable. Applying the ratio of earlier SC decisions, the court found the export-related grant was a capital stream intended to enhance export capacity, not an operational revenue subsidy, and the electricity/investment incentive was linked to capital deployment and public interest. The HC found no infirmity in the ITAT/CIT(A) approach and dismissed the revenue's challenge. Case-Laws Income Tax Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386386