https://www.taxtmi.com/caselaws?id=772101 ITAT DELHI held that Focus Product Scheme/Focus Market Scheme receipts constitute capital receipts excludable from total income computation under normal provisions and book profit calculation under section 115JB. The tribunal followed coordinate bench precedent in RSWM Ltd. case, which relied on Rajasthan HC decision in Nitin Spinners Ltd. establishing that government export enhancement subsidies are capital in nature. The assessee's claim was allowed, treating FPS/FMS receipts as capital receipts for income computation purposes. en-us Wed, 02 Apr 2025 00:00:00 +0530 Tue, 03 Jun 2025 10:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772101 ITAT DELHI held that Focus Product Scheme/Focus Market Scheme receipts constitute capital receipts excludable from total income computation under normal provisions and book profit calculation under section 115JB. The tribunal followed coordinate bench precedent in RSWM Ltd. case, which relied on Rajasthan HC decision in Nitin Spinners Ltd. establishing that government export enhancement subsidies are capital in nature. The assessee's claim was allowed, treating FPS/FMS receipts as capital receipts for income computation purposes. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772101