https://www.taxtmi.com/caselaws?id=302854 The court upheld the capital nature of the subsidy received by the assessee under the government scheme, dismissing the Revenue's appeal challenging the treatment of the incentive as a capital subsidy. The decision addressed issues regarding the timing of claiming the Octroi refund as capital and the authority of the Assessing Officer to entertain fresh claims during scrutiny assessment. The judgment relied on precedents and emphasized the capital nature of the subsidy received by the assessee. en-us Wed, 02 Jan 2019 00:00:00 +0530 Tue, 21 Jun 2022 20:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302854 The court upheld the capital nature of the subsidy received by the assessee under the government scheme, dismissing the Revenue's appeal challenging the treatment of the incentive as a capital subsidy. The decision addressed issues regarding the timing of claiming the Octroi refund as capital and the authority of the Assessing Officer to entertain fresh claims during scrutiny assessment. The judgment relied on precedents and emphasized the capital nature of the subsidy received by the assessee. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302854