{"id":10062,"date":"2020-02-24T01:59:53","date_gmt":"2020-02-24T01:59:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-jsw-steel-ltd-2020-180-itd-505-mum-trib\/"},"modified":"2020-02-24T01:59:53","modified_gmt":"2020-02-24T01:59:53","slug":"acit-v-jsw-steel-ltd-2020-180-itd-505-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-jsw-steel-ltd-2020-180-itd-505-mum-trib\/","title":{"rendered":"ACIT v. JSW Steel Ltd. (2020) 180 ITD 505 (Mum) (Trib.)"},"content":{"rendered":"<p>Assessee had setup a new industry under Industrial policy, 1993 of Government of Karnataka and package of incentives and concessions given by State of Karnataka was to accelerate industrial development in State of Karnataka .Purpose of subsidy was to reimburse cost of expenditure incurred for setting up new industry. Accordingly since subsidy was given with an object to effect new industries in backward area of State in terms of sales tax exemption, said subsidy was to be treated as capital receipt.\u00a0 (AY. 2006 -07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax \u2013 Subsidy \u2013 Sales tax exemption, subsidy was to be treated as capital receipt. [ S. 28 (i) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10062","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Ci","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=10062"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10062\/revisions"}],"predecessor-version":[{"id":10063,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10062\/revisions\/10063"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}