Dismissing the appeal of the revenue the Court held that , refund of value added tax subsidy from Government of Bihar was held to be capital receipt and not chargeable to tax .(AY.2009-10)
CIT v. Deepak Vegpro Pvt. Ltd. (2018) 401 ITR 89 /164 DTR 226/ 302 CTR 269 (Raj) (HC)
S. 4 : Charge of income-tax -VAT subsidy -Refund of value added tax was held to be capital receipt and not chargeable to tax . [ S. 2(24)(xviii) , 43(1) ]