Relief to Saint- Gobain India Pvt. Ltd: ITAT rules Excise Refund and Interest subsidy Received in pursuance to Incentive Announces and sanctioned are Capital Receipt [Read Order]
ITAT has granted relief to Saint-Gobain India Pvt. Ltd., ruling that the excise refund and interest subsidy received as part of announced and sanctioned incentives constitute capital receipts
In a significant ruling, the Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Saint-Gobain India Pvt. Ltd., ruling that the excise refund and interest subsidy received as part of announced and sanctioned incentives constitute capital receipts. The counsel for the assessee Sreenivasan has argued that the average value…
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