https://www.taxtmi.com/caselaws?id=470412 Stock additions require a justified method that establishes an actual discrepancy; an ad hoc re-categorisation of inventorised stock, despite a reasonable categorisation method used by the assessee, cannot support an addition. The deletion of the alleged stock-discrepancy addition was therefore sustained. Sales tax incentives under the West Bengal Industrial Promotion (Assistance to Industrial Units) Scheme are capital receipts where their character and purpose are directed to industrial promotion. Applying the settled treatment of comparable incentives received in earlier years and by a group concern, the incentive was treated as non-taxable and the deletion of its taxation remained effective. en-us Thu, 24 Nov 2022 00:00:00 +0530 Mon, 27 Jul 2026 11:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470412 Stock additions require a justified method that establishes an actual discrepancy; an ad hoc re-categorisation of inventorised stock, despite a reasonable categorisation method used by the assessee, cannot support an addition. The deletion of the alleged stock-discrepancy addition was therefore sustained. Sales tax incentives under the West Bengal Industrial Promotion (Assistance to Industrial Units) Scheme are capital receipts where their character and purpose are directed to industrial promotion. Applying the settled treatment of comparable incentives received in earlier years and by a group concern, the incentive was treated as non-taxable and the deletion of its taxation remained effective. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470412