2017 (8) TMI 1411 - HC - Income Tax

Revenue receipt or capital receipt - entertainment duty subsidy - applicability of decision in Sahney Steel and Press Works Ltd. v. CIT 1997 (9) TMI 3 - SUPREME Court - Held that - Similar questions had arisen between the parties and this Court under its order has decided the same against the Revenue and in favour of the Assessee in COMMISSIONER OF INCOME-TAX VERSUS CHAPHALKAR BROTHERS 2013 (6) TMI 73 - BOMBAY HIGH COURT

Summary

The High Court of Bombay dismissed the appeal for Assessment Year 2009-10 as similar questions had been previously decided in favor of the Assessee in a judgment reported in [2013] 351 ITR 309.