https://www.taxtmi.com/caselaws?id=777674 For A.Y.2017-18 (abated) and A.Y.2018-19 (regular), the ITAT admitted the assessee's additional contention that FPS/MEIS scrips are capital receipts and restored the matter to the AO to examine, quantify and decide afresh after hearing. For A.Ys.2012-13 to 2016-17 (unabated), the issue is likewise restored to the AO to determine whether such a claim can be entertained in s.153A proceedings in the absence of incriminating material. On merits the Tribunal held MEIS rewards to be capital receipts outside s.2(24) charging provisions and directed deletion of additions treating them as revenue. en-us Thu, 31 Jul 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777674 For A.Y.2017-18 (abated) and A.Y.2018-19 (regular), the ITAT admitted the assessee's additional contention that FPS/MEIS scrips are capital receipts and restored the matter to the AO to examine, quantify and decide afresh after hearing. For A.Ys.2012-13 to 2016-17 (unabated), the issue is likewise restored to the AO to determine whether such a claim can be entertained in s.153A proceedings in the absence of incriminating material. On merits the Tribunal held MEIS rewards to be capital receipts outside s.2(24) charging provisions and directed deletion of additions treating them as revenue. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777674