Case Law Details
Case Name : Mahindra & Mahindra Ltd. Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No. 7287/Mum./2018
Date of Judgement/Order : 07/11/2022
Related Assessment Year : 2014–15
Courts :
All ITAT ITAT Mumbai
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Mahindra & Mahindra Ltd. Vs ACIT (ITAT Mumbai)
ITAT Mumbai held that Industrial Promotion Subsidy received under Package Incentive Scheme 2007 declared by the Government of Maharashtra is capital receipt and hence not taxable.
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