https://www.taxtmi.com/caselaws?id=152561 For a subsidy-based tax exemption tied to expenditure on running a canteen, the electricity charges were properly treated as actual operating expenses. The notional rental value of the assessee's own building was also includible because it represented the cost of occupying premises that would otherwise have been rent if the canteen had been run from a leased building. On that basis, both items formed part of the canteen expenses for computing whether the 25 per cent subsidy requirement was satisfied, and the Tribunal was held to have committed no error of law. en-us Thu, 10 Feb 1977 00:00:00 +0530 Sat, 06 Jul 2013 15:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152561 For a subsidy-based tax exemption tied to expenditure on running a canteen, the electricity charges were properly treated as actual operating expenses. The notional rental value of the assessee's own building was also includible because it represented the cost of occupying premises that would otherwise have been rent if the canteen had been run from a leased building. On that basis, both items formed part of the canteen expenses for computing whether the 25 per cent subsidy requirement was satisfied, and the Tribunal was held to have committed no error of law. Case-Laws VAT and Sales Tax Thu, 10 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152561