C. I. T. Versus M/s. Baghpat Corp - Income Tax - ALLAHABAD HIGH COURT - HC - Incentive/ subsidy on sale of sugar Capital receipt or not Held that - The amount of subsidy received under the Sampath Scheme was capital in nature - The object and the application of subsidy was relevant - The Sampath Scheme may have provided for incentive for expansion or for setting up new unit but no such expansion or new unit was in contemplation - The subsidy under the scheme was given for repayment of the te................................... Income Tax - Case Laws
↧