State Capital Investment Subsidy received under WBIS 2000 is capital
in nature. It was submitted that identical subsidy was held to be capital receipt ... subsidy was really capital in nature. "
14. Identical subsidy under the West Bengal Incentive Scheme 2000 was held to be
capital receipt not chargeable
Scheme, 2005 as capital receipt
and not revenue receipt in relevant assessment year 2010-11 and not to
include the aforesaid receipts in Book Profit ... incentives 'Interest subsidy' and 'Power subsidy' is a 'capital receipt' and does
not fall within the definition
promote industrialization, the Government offered various incentives/subsidies
including 'State Capital Subsidy' and 'Interest subsidy' when a 'unit ... High Court on identical facts held that
excise duty subsidy and interest subsidy were capital receipts not chargeable to
tax. In view of the aforesaid
held to be in the nature of capital
receipt.
* 2.5% Capital Investment Subsidy (interest
component) under Rajasthan Investment Promotion
Scheme, 2003
The aforesaid scheme ... determining whether
subsidy payment was 'revenue receipt' or 'capital
receipt', character of receipt in the hands of the
assesses
while dealing with the question as to
whether the receipt is revenue receipt or capital receipt held as under:
"If an amount received ... backward region.
Therefore, the incentive subsidies of interest subsidy and
power subsidy received by the assessee were "capital receipts"
and not "income
while dealing with the question as to
whether the receipt is revenue receipt or capital receipt held as under:
"If an amount received ... backward region.
Therefore, the incentive subsidies of interest subsidy and
power subsidy received by the assessee were "capital receipts"
and not "income
right in holding the excise duty subsidy as capital receipts whereas
the same was received on revenue account and not for the purpose of
acquiring ... subsidy and interest subsidy received in
terms of New Industrial Policy for accelerated industries development
and for generation of employment held to be capital receipt
right in holding the excise duty subsidy as capital receipts whereas
the same was received on revenue account and not for the purpose of
acquiring ... subsidy and interest subsidy received in
terms of New Industrial Policy for accelerated industries development
and for generation of employment held to be capital receipt
right in holding the excise duty subsidy as capital receipts whereas
the same was received on revenue account and not for the purpose of
acquiring ... subsidy and interest subsidy received in
terms of New Industrial Policy for accelerated industries development
and for generation of employment held to be capital receipt
right in holding the excise duty subsidy as capital receipts whereas
the same was received on revenue account and not for the purpose of
acquiring ... subsidy and interest subsidy received in
terms of New Industrial Policy for accelerated industries development
and for generation of employment held to be capital receipt
