https://www.taxtmi.com/caselaws?id=286990 The ITAT upheld the CIT(A)'s decision that sales-tax incentive received from the state government is a capital receipt and not taxable. Relying on precedent and consistent with the co-ordinate bench's view, the ITAT dismissed the revenue's appeal, stating the incentive is not subject to tax. The order was pronounced on 21st March 2018. en-us Wed, 21 Mar 2018 00:00:00 +0530 Tue, 24 Mar 2020 10:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286990 The ITAT upheld the CIT(A)'s decision that sales-tax incentive received from the state government is a capital receipt and not taxable. Relying on precedent and consistent with the co-ordinate bench's view, the ITAT dismissed the revenue's appeal, stating the incentive is not subject to tax. The order was pronounced on 21st March 2018. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286990