Sales Tax Incentive Classification: Revenue vs. Capital Receipt Debate; Past Treatment Not Binding for Future Claims.

Sales Tax Incentive Classification: Revenue vs. Capital Receipt Debate; Past Treatment Not Binding for Future Claims. https://www.taxtmi.com/highlights?id=65492 Nature of Sales tax incentive received - Revenue receipt OR capital receipt - notwithstanding that the assessee has treated such incentive as revenue receipt in past, the same cannot be deterrent for making a correct claim in the subsequent assessment year. - AT en-us Tue, 06 Sep 2022 16:19:44 +0530 Tue, 06 Sep 2022 16:19:44 +0530 TaxTMI RSS Generator Sales Tax Incentive Classification: Revenue vs. Capital Receipt Debate; Past Treatment Not Binding for Future Claims. https://www.taxtmi.com/highlights?id=65492 Nature of Sales tax incentive received - Revenue receipt OR capital receipt - notwithstanding that the assessee has treated such incentive as revenue receipt in past, the same cannot be deterrent for making a correct claim in the subsequent assessment year. - AT Highlights Income Tax Tue, 06 Sep 2022 16:19:44 +0530 https://www.taxtmi.com/highlights?id=65492