Income Tax | MEIS Is Called a “Reward.” Does That Make It a Capital Receipt? Mumbai ITAT Says No

Mumbai ITAT holds ₹5.95 crore MEIS incentive taxable as revenue receipt under normal provisions and Section 115JB, following Aarti Drugs Special Bench. The post MEIS Is Called a “Reward.” Does That Make It a Capital Receipt? Mumbai ITAT Says No appeared first on TaxGuru .