pertaining to treating the subsidy received by the assessee
under Technology Upgradation Fund ("TUF") Scheme as capital
receipt and thus not chargeable
high-performing exporters, had similar
objectives of promoting capital investment and technology upgradation. These
objectives, as recorded in the AO's remand report dated ... 2025
Ganesh Polychem Limited.
Textile adopted the TUFS scheme, envisaging technology upgradation of the
industry. Under the scheme, there were two options, either to reimburse
high-performing exporters, had similar objectives of
promoting capital investment and technology upgradation.
These objectives, as recorded in the AO‟s remand report dated ... industry, the concerned Ministry of Textile
adopted the TUFS scheme, envisaging technology
upgradation of the industry. Under the scheme, there were
two options, either
high-performing exporters, had similar objectives of
promoting capital investment and technology upgradation.
These objectives, as recorded in the AO‟s remand report dated ... industry, the concerned Ministry of Textile
adopted the TUFS scheme, envisaging technology
upgradation of the industry. Under the scheme, there were
two options, either
challenged the taxability of
subsidy received from the Central Government under technology upgradation
and fund (TUF). It is the case of the assessee that ... term viability of the Textile Industry and as an incentive for
technology upgradation of the textile industry. It was submitted that
the subsidy is granted
challenged the taxability of
subsidy received from the Central Government under technology upgradation
and fund (TUF). It is the case of the assessee that ... term viability of the Textile Industry and as an incentive for
technology upgradation of the textile industry. It was submitted that
the subsidy is granted
Grasim Industries Ltd.,Mumbai vs Dcit Cent. Cir. 1(4), Mumbai on 23 May, 2025
Jcit (Osd)Cen Cir 1(4), Mumbai vs Grasim Industires Ltd, Mumbai on 23 May
issue of taxability of
subsidy received from the Central Government under Technology Upgradation Fund
Scheme (TUF) as revenue receipt.
58. We have considered rival submissions ... term viability of the
Textile Industry and as an incentive for technology
upgradation of the textile industry. It was submitted that the
subsidy is granted
issue of taxability of
subsidy received from the Central Government under Technology Upgradation Fund
Scheme (TUF) as revenue receipt.
58. We have considered rival submissions ... term viability of the
Textile Industry and as an incentive for technology
upgradation of the textile industry. It was submitted that the
subsidy is granted