Subsidy based on reimbursement of sales tax – revenue or capital receipt?

Advocate Akhilesh Kumar Sah

Quantification of subsidy based on reimbursement of sales tax does not mean that it is a revenue receipt

Recently, in PepsiCo India Holdings Pvt. Ltd, (erstwhile Pepsi Foods Pvt. Ltd.) vs. Addl. CIT [I.T.As. No. 1334/CHANDI/2010, 1203/ CHANDI /2011, 2511/DEL/2013, 1044/DEL/2014 & 4516/DEL/2016 Asse

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