Government incentive/Subsidy towards Investment Promotion is capital receipt

DCIT Vs Saint-Gobain India Pvt. Ltd. (ITAT Chennai)

In a pivotal ruling that has significant implications for corporate taxation and investment promotion in India, the Income Tax Appellate Tribunal (ITAT) Chennai bench adjudicated on the nature of government incentives or subsidies towards investment promotion. The case in question, DCIT Vs Saint-Gobain India Pvt. Ltd., revolved around whether the investment promotion subsidy received by Saint-Gobain India Pvt. Ltd. from the Government of Tamil Nadu should be treated as a ca

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