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 Assessment Years: 2006-07 to 2010-11 and I.T.As. No. 4517/DEL/2016, 4518 DEL/2016, 6537/DEL/2016, 6582/DEL/2017 Assessment Years: 2011-12 to 2013-14, decided on 19.11.2018], these appeals had been filed by the Assessee Company and Pepsi Foods Pvt. Ltd. (PFL), now merged...