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TMI Blog2018 (3) TMI 1853X X X X Extracts X X X X X X X X Extracts X X X X ..... case, M/s Narendra Vegetable Products Pvt Ltd [ 2015 (7) TMI 1298 - ITAT NAGPUR] has allowed the appeal of the assessee. We are of the considered view that sales-tax incentive received from state government being a capital receipt is not exigible to tax. The CIT(A), after considering relevant facts has rightly deleted addition made by the AO. We do not find any error in the order of the CIT(A) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... king disallowance of ₹ 34,95,017 towards sales-tax incentive received from state government. The assessee carried the matter in appeal before the first appellate authority. The CIT(A), for the detailed reasons, recorded in his order dated 04-05-2016, deleted addition made by the AO by following the decision of ITAT, Nagpur bench in assessee s own case for AY 2003-04 to 2009-10 and held that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2012) 398 ITR 260. 4. We have heard both the parties and perused the material available on record. We find that the ITAT, Bench in assessee s own case for earlier years has held that the sales-tax subsidy received from state government is capital in nature and not exigible to tax. The relevant portion of the order is extracted below:- 3. On identical facts and circumstances we have taken a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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