https://www.taxtmi.com/caselaws?id=294131 The subsidies received by the assessee under the Jharkhand and Maharashtra schemes were deemed capital receipts by the Tribunal. The purpose of the subsidies was to promote industrial development and establish new units, leading to the dismissal of the Revenue's appeal and affirmation of the CIT(A)'s order. en-us Mon, 15 Jul 2019 00:00:00 +0530 Tue, 23 Mar 2021 11:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294131 The subsidies received by the assessee under the Jharkhand and Maharashtra schemes were deemed capital receipts by the Tribunal. The purpose of the subsidies was to promote industrial development and establish new units, leading to the dismissal of the Revenue's appeal and affirmation of the CIT(A)'s order. Case-Laws Income Tax Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294131