DCIT vs Indian Oi l Petronas Pvt. Limi ted

Authority: ITAT Tribunal/Court: Kolkata Date: 2018-01-31 AY: 2009-10 Section: 139(1) Acts: Income Tax Act 1961 Result: Assessee Citation: 218Taxpundit17 Justices: P.M. Jagtap AM & S.S. Viswanethra Ravi JM Appeal No: I.T.A. No. 1468/KOL./2015
Whether a fresh claim for exclusion of sales tax subsidy as a capital receipt can be entertained in appellate proceedings without filing a revised return --- Held Yes; Whether sales tax subsidy received under the West Bengal Incentive Scheme, 1999 is a capital receipt not chargeable to tax --- Held Yes.

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