https://www.taxtmi.com/caselaws?id=33606 The court held that receipts from the sale of levy-free sugar and excise duty rebate were capital receipts and not taxable. Relying on legal precedents, including a Supreme Court decision, the court determined that the incentives were intended for loan repayment and were of a capital nature, not part of regular trade income. Consequently, the appeals filed by the revenue were dismissed. en-us Tue, 28 Apr 2009 00:00:00 +0530 Wed, 07 Sep 2011 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33606 The court held that receipts from the sale of levy-free sugar and excise duty rebate were capital receipts and not taxable. Relying on legal precedents, including a Supreme Court decision, the court determined that the incentives were intended for loan repayment and were of a capital nature, not part of regular trade income. Consequently, the appeals filed by the revenue were dismissed. Case-Laws Income Tax Tue, 28 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33606