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![Sales Tax subsidies are Capital Receipts, not Taxable: ITAT Chandigarh [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Sales Tax subsidies are Capital Receipts, not Taxable: ITAT Chandigarh [Read Order]")
Sales Tax subsidies are Capital Receipts, not Taxable: ITAT Chandigarh [Read Order]
The Chandigarh bench of Income Tax appellate Tribunal recently clarified that the sales tax subsidy received by the assessee is capital in nature....
![Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Grant-in-Aids are ‘Capital Receipts’: ITAT Kolkata allows Deduction on interest paid for delayed deposit of PF [Read Order]")
![Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Interest-Bank-Guarantee-Tax-Scan.jpg "Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]")
![Expenses towards maintenance of a Public Property is “Revenue Expenditure”, rules Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Thiruvalluvar-statue-Tax-Scan.jpg "Expenses towards maintenance of a Public Property is “Revenue Expenditure”, rules Madras HC [Read Judgment]")