Home › Tax Laws › CIT v. Kanoria Sugar And General Manufacturing Co. Ltd. (2018) 407 ITR 737 (Raj) (HC) Editorial: SLP of revenue is dismissed; CIT v. Kanoria Sugar And General Manufacturing Co. Ltd. (2018) 405 ITR 1 ( St)

CIT v. Kanoria Sugar And General Manufacturing Co. Ltd. (2018) 407 ITR 737 (Raj) (HC) Editorial: SLP of revenue is dismissed; CIT v. Kanoria Sugar And General Manufacturing Co. Ltd. (2018) 405 ITR 1 ( St)

S. 4 : Charge of income-tax -Income or capital — Incentive for sale of Sugar is a capital receipt and hence not chargeable to tax .

Dismissing the appeal of the revenue the Court held that ; incentive for sale of Sugar  is a capital receipt  and hence not chargeable to tax .