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![Amount Remissioned under Deferral Sales Tax Scheme is Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "Amount Remissioned under Deferral Sales Tax Scheme is Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]")
Amount Remissioned under Deferral Sales Tax Scheme is Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]
In DCIT v. ThyssenKrupp Electrical Steel India Pvt. Ltd, the ITAT Mumbai held that the remissioned under deferral sales tax scheme constitute capital...