https://www.taxtmi.com/caselaws?id=402803 The Appellate Tribunal upheld the CIT(A)'s decision, affirming the treatment of sales tax subsidy as a capital receipt for the assessment year 2013-14. The Tribunal relied on past decisions and dismissed the revenue's appeal, emphasizing consistency in treating such subsidies as capital receipts. en-us Thu, 26 Nov 2020 00:00:00 +0530 Wed, 13 Jan 2021 11:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402803 The Appellate Tribunal upheld the CIT(A)'s decision, affirming the treatment of sales tax subsidy as a capital receipt for the assessment year 2013-14. The Tribunal relied on past decisions and dismissed the revenue's appeal, emphasizing consistency in treating such subsidies as capital receipts. Case-Laws Income Tax Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402803