Relief to Jindal India: ITAT treats Incentives under West Bengal Incentives Scheme as ‘Capital Receipts’, not Taxable [Read Order]

By Kalyani B. Nair - On December 17, 2022 2:20 pm - 2 mins read
Jindal India - ITAT - Incentives - West Bengal Incentives Scheme - Capital Receipts - Taxable - ITAT treats Incentives - Taxscan

The Income Tax Appellate Tribunal ( ITAT ), New Delhi Bench granted relief to M/s. Jindal (India) Ltd, the appellant by holding that incentives paid under West Bengal Incentives Scheme are to be treated as ‘capital receipts’ and hence not taxable. The state of West Bengal decided to introduce the West Bengal Incentive Scheme 2000…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
Ā  ā‚¹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader