https://www.taxtmi.com/caselaws?id=68396 The Tribunal upheld the Assessing Officer's jurisdiction in considering the matter afresh, finding the subsidy amount received taxable as income due to its revenue nature and connection to sales. The Tribunal dismissed the appeal, affirming the taxability of the subsidy and ruling the deduction claim premature pending the establishment of liability to repay the subsidy in the future. en-us Fri, 06 Jan 2006 00:00:00 +0530 Sat, 03 Sep 2011 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68396 The Tribunal upheld the Assessing Officer's jurisdiction in considering the matter afresh, finding the subsidy amount received taxable as income due to its revenue nature and connection to sales. The Tribunal dismissed the appeal, affirming the taxability of the subsidy and ruling the deduction claim premature pending the establishment of liability to repay the subsidy in the future. Case-Laws Income Tax Fri, 06 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68396