https://www.taxtmi.com/caselaws?id=286986 The Appellate Tribunal ruled in favor of the assessee, determining that the sales tax incentive should be treated as a capital receipt and not subject to tax. The Tribunal overturned the decisions of the CIT(A) and the Assessing Officer, allowing all appeals and providing a successful outcome for the assessee in this case. The issue of interest liability under section 234C of the IT Act was left unaddressed, as it was considered consequential and did not require adjudication at that time. en-us Fri, 31 Jul 2015 00:00:00 +0530 Tue, 24 Mar 2020 10:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286986 The Appellate Tribunal ruled in favor of the assessee, determining that the sales tax incentive should be treated as a capital receipt and not subject to tax. The Tribunal overturned the decisions of the CIT(A) and the Assessing Officer, allowing all appeals and providing a successful outcome for the assessee in this case. The issue of interest liability under section 234C of the IT Act was left unaddressed, as it was considered consequential and did not require adjudication at that time. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286986