https://www.taxtmi.com/caselaws?id=66946 The subsidy received by the assessee from the State Government under the M.P. Naya Cinema Gharon Ke Nirman Ko Protsahan Yojna Ke Sahayata Anudan Niyam, 1982 was deemed a revenue receipt by the Tribunal. The subsidy was considered to assist in the operational phase of the cinema house rather than for the construction of a new asset. The Tribunal found that the subsidy was contingent upon the cinema house running for a specified period post-construction, leading to the conclusion that it was a revenue receipt. The Assessing Officer's order was upheld, and the subsidy was not classified as a capital receipt. en-us Thu, 28 Jul 2005 00:00:00 +0530 Tue, 08 Mar 2011 12:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66946 The subsidy received by the assessee from the State Government under the M.P. Naya Cinema Gharon Ke Nirman Ko Protsahan Yojna Ke Sahayata Anudan Niyam, 1982 was deemed a revenue receipt by the Tribunal. The subsidy was considered to assist in the operational phase of the cinema house rather than for the construction of a new asset. The Tribunal found that the subsidy was contingent upon the cinema house running for a specified period post-construction, leading to the conclusion that it was a revenue receipt. The Assessing Officer's order was upheld, and the subsidy was not classified as a capital receipt. Case-Laws Income Tax Thu, 28 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66946