Central excise subsidy from Central Government. Subsidy granted for setting up new unit in Sikkim is a capital receipt and is not liable to tax. (AY.2009-10 to 2012-13, 2014-15)
IPCA Laboratories Ltd. v. Dy. CIT (2024) 113 ITR 53 / 230 TTJ 409 (Mum.)(Trib.)
S. 4 : Charge of income-tax-Central excise subsidy from Central Government-Subsidy granted for setting up new unit in Sikkim-Capital receipt-Not liable to tax. [S. 28(i)]
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