https://www.taxtmi.com/caselaws?id=776988 ITAT, Chennai (AT) upheld the appellate authority's finding that amounts received from sale of MEIS/MLFPS scrips are capital receipts, applying the scheme of the incentive and the amendment to section 2(24)(xviii). The FAA's order was held correct and in law. The Revenue did not challenge the FAA's finding that the addition could not be adjusted under section 143(1), and the appeal by the Department was dismissed. en-us Fri, 01 Aug 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776988 ITAT, Chennai (AT) upheld the appellate authority's finding that amounts received from sale of MEIS/MLFPS scrips are capital receipts, applying the scheme of the incentive and the amendment to section 2(24)(xviii). The FAA's order was held correct and in law. The Revenue did not challenge the FAA's finding that the addition could not be adjusted under section 143(1), and the appeal by the Department was dismissed. Case-Laws Income Tax Fri, 01 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776988