https://www.taxtmi.com/caselaws?id=782021 ITAT Delhi held that sales tax subsidy/incentive received under the Maharashtra Package Scheme of Incentives, 1993 is a capital receipt not liable to tax, following its earlier orders in assessee's own cases for preceding years, and directed the AO to treat it accordingly and to recompute income only for the limited purpose of quantifying the figures. On disallowance under s.14A, ITAT Delhi, relying on its prior decision for earlier years, held that the assessee had sufficient own funds, and there was no evidence linking interest-bearing borrowings to investments yielding exempt income; therefore, the disallowance made under s.14A was not justified and was deleted. en-us Thu, 16 Oct 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782021 ITAT Delhi held that sales tax subsidy/incentive received under the Maharashtra Package Scheme of Incentives, 1993 is a capital receipt not liable to tax, following its earlier orders in assessee's own cases for preceding years, and directed the AO to treat it accordingly and to recompute income only for the limited purpose of quantifying the figures. On disallowance under s.14A, ITAT Delhi, relying on its prior decision for earlier years, held that the assessee had sufficient own funds, and there was no evidence linking interest-bearing borrowings to investments yielding exempt income; therefore, the disallowance made under s.14A was not justified and was deleted. Case-Laws Income Tax Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782021