https://www.taxtmi.com/caselaws?id=286991 The Tribunal upheld the CIT(A)'s decision that the sales tax remission subsidy was a capital receipt, not taxable under the Income Tax Act. The Tribunal affirmed the CIT(A)'s jurisdiction to consider new claims and dismissed the Revenue's appeal, concluding that the subsidy was not chargeable to tax. The order was pronounced on 31.05.2018. en-us Thu, 31 May 2018 00:00:00 +0530 Tue, 24 Mar 2020 10:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286991 The Tribunal upheld the CIT(A)'s decision that the sales tax remission subsidy was a capital receipt, not taxable under the Income Tax Act. The Tribunal affirmed the CIT(A)'s jurisdiction to consider new claims and dismissed the Revenue's appeal, concluding that the subsidy was not chargeable to tax. The order was pronounced on 31.05.2018. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286991