Held that sales tax subsidy for setting up plant at backward area under specific scheme of Sate Governments which are meant to encourage growth in specified areas are capital receipts. (AY. 2005-06)
Ambuja Cement Ltd. v. Addl. CIT (2023) 223 TTJ 427 (Mum.)(Trib.)
S. 4 : Charge of income-tax-Capital or revenue-Sales tax subsidy-Backward area-Capital receipts.