No Income Tax on sales tax waiver as it is capital receipt : HC
HIGH COURT OF BOMBAY Commissioner of Income-tax-LTU v. Indian Petrochemicals Corpn. Ltd. AKIL KURESHI AND M.S. SANKLECHA, JJ. IT APPEAL NO. 1428 OF 2016 JANUARY 22, 2019 Tejveer Singh for the Appellant. J.D. Mistri, Sr. Adv., P.C. Tripathi and Amit Mathur for the Respondent. ORDER 1. The Revenue is in Appeal against the Judgment of the Income Tax Appellate Tribunal (in short “the Tribunal”),… Read More »