Tribunal held that sales tax incentive availed under package scheme of incentive of Government of Maharashtra is capital receipt and is not chargeable to tax.( AY.2005 -06)
ACIT v. Ballarpur Industries Ltd. (2018) 64 ITR 21(SN) / 168 DTR 225 / 193 TTJ 521 (Nag)(Trib.)
S. 4 : Charge of income-tax – Capital or revenue -Incentive received under Package Scheme of Incentives of Govt. of Maharashtra is capital receipt and not liable to tax.