Held that the sales tax incentive received by the assessee, a manufacturer, from the Government, as a refund of sales tax paid on goods manufactured is a capital receipt and not chargeable to tax. (AY. 2009-10)
PCIT v. Shantinath Detergents (P.) Ltd [2023] 151 taxmann.com 68 / [2024] 461 ITR 302 (Cal)(HC)
S. 4 : Charge of income-tax-Sales tax incentive-Capital receipt-Not chargeable to tax. [S. 260A]