https://www.taxtmi.com/highlights?id=59548 Revenue or capital receipt - The HC has held that, Excise duty refund, Interest subsidy and Insurance subsidy received with the object of creating avenues for perpetual employment, to eradicate the social problem of unemployment in the state by accelerated industrial development is capital receipt - we find no dispute that the Excise Duty refund received by the assessee is to be treated as capital receipt. - AT en-us Mon, 06 Sep 2021 11:26:18 +0530 Mon, 06 Sep 2021 11:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59548 Revenue or capital receipt - The HC has held that, Excise duty refund, Interest subsidy and Insurance subsidy received with the object of creating avenues for perpetual employment, to eradicate the social problem of unemployment in the state by accelerated industrial development is capital receipt - we find no dispute that the Excise Duty refund received by the assessee is to be treated as capital receipt. - AT Highlights Income Tax Mon, 06 Sep 2021 11:26:18 +0530 https://www.taxtmi.com/highlights?id=59548