{"id":106,"date":"2018-04-27T08:44:01","date_gmt":"2018-04-27T08:44:01","guid":{"rendered":"http:\/\/45.32.107.85\/?p=106"},"modified":"2021-03-04T20:27:51","modified_gmt":"2021-03-04T14:57:51","slug":"sunbeam-auto-pvt-ltd-v-cit-2018-402-itr-309-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sunbeam-auto-pvt-ltd-v-cit-2018-402-itr-309-delhi-hc\/","title":{"rendered":"Sunbeam Auto Pvt. Ltd. v. CIT  (2018)  402 ITR 309 \/ ( 2020) 116 taxmann.com 763 (Delhi) (HC)"},"content":{"rendered":"<p>Allowing the petition against order u\/s 264 the Court held that ;  the sales tax subsidy received by the assessee was to be treated as a capital receipt and was not to be added to its income. The orders of the Commissioner and the Assessing Officer, treating the sales-tax subsidy as revenue receipt, were to be set aside.( AY. 2007 -08 to 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 :Charge of income-tax &#8211; Capital or revenue-  Sales tax subsidy is a  capital receipt. [ S. 264 ]<\/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_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":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-106","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1I","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/106","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=106"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"predecessor-version":[{"id":15504,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/106\/revisions\/15504"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}