Combined Discussion On The Budget (General) For The Year 2002-2003, Demands For ... on 19
Discussion On The Demands For Supplementary Grants (General) For The Year ... on 19 December, 2000
Court the aforesaid subsidy should be
treated as capital receipt in spite of the fact that computation of
Power subsidy is based on the power ... Asst . Year : 2021-22
- 15-
that once the purpose of a subsidy is established, the mode of
computation is not relevant as held
Dhanuka Laboratories Limited,New ... vs Acit Central Circle-2, New Delhi on 5 March, 2025
Dcit, Circle-3(4), Mumbai, Mumbai vs Glenmark Pharmaceuticals Limited, ... on 12 March, 2026
IN
Dcit, Circle-3(4), Mumbai, Mumbai vs Glenmark Pharmaceuticals Limited, ... on 12 March, 2026
IN
Marketing Scheme
was concerned, apparently the Central Government gave the
subsidy to enhance indian export potential in the international
market. It was not granted ... note of
judgment in Ponni Sugars & Chemicals Ltd. (supra) and held that
the amount was not an export incentive, but rather capital receipt
economic cost.
They are exporting wheat at the rate of Rs. 4,300 per tonne. That means subsidy is being extended to the foreign consumers ... price. What have we gained by exporting wheat? I can give the figure for one year. We have exported wheat and then imported it. This
Works Ltd.
v. CIT [1997] 94 Taxman 368 and CIT v. Ponni Sugars
&Chemicals Ltd. [2008] 174 Taxman 87. The view expressed by
this ... Sugars& Chemicals Ltd. 's case (supra) and Sahney
13 ITA No.129/Agr/2015
Steel &Press works Ltd. (supra) the subsidies received
with regard to the subsidy given by
the Central Government under Focus Marketing Scheme (FMS) to enhance Indian
export potential in the international market ... thereby, it clearly
manifest the subsidy granted by Government of India to enhance Indian export
potential in the international market, is a capital receipt