https://www.taxtmi.com/caselaws?id=472628 Sales-tax remission under the West Bengal Incentive Scheme, 1993 is characterised under the purpose test by the object of the subsidy rather than its mode of disbursement. Where remission is designed to induce fresh fixed-capital investment and support expansion and modernisation of industrial units in backward areas, rather than assist trading operations or profitability, it constitutes a capital receipt rather than a revenue receipt. en-us Mon, 18 May 2026 00:00:00 +0530 Sat, 17 Oct 2026 18:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472628 Sales-tax remission under the West Bengal Incentive Scheme, 1993 is characterised under the purpose test by the object of the subsidy rather than its mode of disbursement. Where remission is designed to induce fresh fixed-capital investment and support expansion and modernisation of industrial units in backward areas, rather than assist trading operations or profitability, it constitutes a capital receipt rather than a revenue receipt. Case-Laws Income Tax Mon, 18 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472628