{"id":8487,"date":"2019-12-17T11:45:23","date_gmt":"2019-12-17T11:45:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dy-cit-v-mas-india-p-ltd-2019-74-itr-72-sn-punetrib\/"},"modified":"2019-12-17T11:45:23","modified_gmt":"2019-12-17T11:45:23","slug":"dy-cit-v-mas-india-p-ltd-2019-74-itr-72-sn-punetrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-mas-india-p-ltd-2019-74-itr-72-sn-punetrib\/","title":{"rendered":"Dy. CIT v.  Mas India P.  Ltd.  (2019) 74 ITR 72 (SN)  (Pune)(Trib.)"},"content":{"rendered":"<p>The receipt of a subsidy in the form of refund of octroi is a capital receipt and not a revenue receipt in the hands of the assessee if the subsidy goes to reduce the cost of assets being material\/purchases and the receipt of such a subsidy will be on capital account. \u00a0Applied\u00a0 CIT\u00a0 Chaphalkar Brothers (2018)\u00a0 400 ITR 279 (SC) \u00a0\u00a0(AY. \u00a02012-2013)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax \u2013 Subsidy \u2013 Refund of octori-Capital receipt \u2013 Not chargeable to tax.  [S. 2(24)(xviii) 43(1), 56]<\/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-8487","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2cT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8487","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=8487"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8487\/revisions"}],"predecessor-version":[{"id":8488,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8487\/revisions\/8488"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}