{"id":5608,"date":"2019-05-31T05:06:54","date_gmt":"2019-05-31T05:06:54","guid":{"rendered":"http:\/\/itatonline.org\/digest\/sundaram-finance-ltd-v-acit-2019-413-itr-298-madhc\/"},"modified":"2019-05-31T05:06:54","modified_gmt":"2019-05-31T05:06:54","slug":"sundaram-finance-ltd-v-acit-2019-413-itr-298-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sundaram-finance-ltd-v-acit-2019-413-itr-298-madhc\/","title":{"rendered":"Sundaram Finance Ltd. v. ACIT (2019) 413 ITR 298 (Mad)(HC)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Court held that Capital subsidy in terms of shareholders&#8217; agreement from foreign company for investment in share capital of joint venture company is capital receipt\u00a0 not liable to tax as revenue receipt. (AY. 2002-03) (TCA. No 159 of 2009 dt. 6-03-2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax \u2013Capital or revenue &#8211; Capital subsidy In terms of shareholders&#8217;  agreement from foreign company for investment in share capital of joint venture company \u2014 Capital receipt  not liable to tax as revenue 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-5608","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1ss","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5608","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=5608"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5608\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}