https://www.taxtmi.com/caselaws?id=436088 The HC condoned an 803-day delay in filing an appeal under s. 260A of the Income Tax Act, 1961, citing the need to assess substantial questions of law. It ruled against the Revenue on the taxability of sales tax subsidy, deeming it a capital receipt. The appeal concerning employees' contributions to PF and ESI was dismissed due to low tax effect, as per CBDT guidelines. The judgment clarified the treatment of subsidies under the Income Tax Act, 1961. en-us Mon, 27 Mar 2023 00:00:00 +0530 Fri, 01 Mar 2024 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436088 The HC condoned an 803-day delay in filing an appeal under s. 260A of the Income Tax Act, 1961, citing the need to assess substantial questions of law. It ruled against the Revenue on the taxability of sales tax subsidy, deeming it a capital receipt. The appeal concerning employees' contributions to PF and ESI was dismissed due to low tax effect, as per CBDT guidelines. The judgment clarified the treatment of subsidies under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436088