Dismissing the appeal of the Revenue the Court held that Interest subsidy and excise refund should be treated as capital receipts for the purpose of computing book profit. (AY. 2012-13)
PCIT v. Krishi Rasayan Exports (P.) Ltd. (2023) 290 Taxman 567 (Cal.)(HC)
S. 115JB : Book profit-Interest subsidy and excise refund-Capital receipt for purpose of book profit. [S. 4]