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![Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/VAT-Subsidy-Taxscan.jpg "Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]")
Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the subsidy received under the technical upgradation fund (TUF) scheme is...