https://www.taxtmi.com/caselaws?id=245361 Power tariff concession granted under an industrial policy and a statutory supply notification was treated as revenue in nature because the purpose test showed it was meant to assist ongoing business operations and reduce recurring electricity expenses, rather than fund the setting up or expansion of the unit. Scrap sales were separately considered for Section 80HHC computation and were not included in total turnover, as they did not constitute turnover from manufactured goods under the applicable precedent. The appeal was therefore partly allowed on the deduction issue, while the taxability of the concession was upheld against the assessee. en-us Fri, 14 Feb 2014 00:00:00 +0530 Fri, 06 Jun 2014 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245361 Power tariff concession granted under an industrial policy and a statutory supply notification was treated as revenue in nature because the purpose test showed it was meant to assist ongoing business operations and reduce recurring electricity expenses, rather than fund the setting up or expansion of the unit. Scrap sales were separately considered for Section 80HHC computation and were not included in total turnover, as they did not constitute turnover from manufactured goods under the applicable precedent. The appeal was therefore partly allowed on the deduction issue, while the taxability of the concession was upheld against the assessee. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245361