Income Tax | Sales Tax Incentive Under Govt Scheme For Industrial Promotion Is Capital Receipt, Not Taxable: Bombay High Court
The Bombay Excessive Court docket has said that gross sales tax incentive underneath a authorities scheme for industrial promotion is a capital receipt, not taxable. Chief Justice Alok Aradhe and Justice Sandeep V. Marne had been addressing the difficulty of whether or not an incentive acquired in gross sales tax legal responsibility underneath a Scheme…