2017 (7) TMI 1404 - HC - Income Tax

Revision u/s 263 - Nature of receipt - revenue or capital receipt - incentives received from Engine Manufactures - HELD THAT - . Learned counsel for the parties are permitted to file additional documents/papers which are part of the assessment record or were filed before the ITAT within eight weeks. List in due course.

Summary

The Delhi High Court admitted the case and framed a question regarding the treatment of incentives received from Engine Manufacturers as capital receipts under Section 263 of the Income Tax Act. The parties were allowed to file additional documents within eight weeks.