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
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
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
fixed capital 5 years eligible fixed years
investment capital
investment
The judicial precedents on the issue whether the sales tax subsidy is
capital receipt ... time of the grant of the subsidy would be immaterial. Therefore
the sales-tax subsidy granted is capital receipt and therefore not
liable
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
action of assessing officer for taxing the capital receipt on account of Sales Tax
Exemption/Subsidy amounting to Rs.4,89,49,449/- received from ... facts while taxing the capital
receipt amounting to Rs.5,25,05,262/- on account of Sales Tax Exemption/ Subsidy
received from Government of Punjab
