https://www.taxtmi.com/caselaws?id=305034 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs.97,47,804 towards the Sales Tax Incentive Scheme, ruling that the incentives constituted capital receipts and should not be included in taxable income. Citing the precedent in Reliance Industries Ltd., the Tribunal dismissed the Revenue's appeal, confirming that the sales tax incentives were exempt from taxation. en-us Tue, 24 Nov 2015 00:00:00 +0530 Sat, 12 Nov 2022 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305034 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs.97,47,804 towards the Sales Tax Incentive Scheme, ruling that the incentives constituted capital receipts and should not be included in taxable income. Citing the precedent in Reliance Industries Ltd., the Tribunal dismissed the Revenue's appeal, confirming that the sales tax incentives were exempt from taxation. Case-Laws Income Tax Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305034