https://www.taxtmi.com/caselaws?id=178685 The Tribunal concluded that the expenditure of Rs. 7.83 crores for rectification and improvement of damaged power lines was revenue expenditure, not capital expenditure, as it qualified as current repairs. The Rs. 8.50 crores subsidy received from the Government of Andhra Pradesh was deemed a revenue receipt, aligning with the Supreme Court's ruling in Sahney Steel & Press Works Ltd. v. CIT. The Tribunal partially allowed the revenue's appeal, with the subsidy taxable as a revenue receipt. en-us Fri, 11 Jun 2010 00:00:00 +0530 Wed, 10 Feb 2016 17:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178685 The Tribunal concluded that the expenditure of Rs. 7.83 crores for rectification and improvement of damaged power lines was revenue expenditure, not capital expenditure, as it qualified as current repairs. The Rs. 8.50 crores subsidy received from the Government of Andhra Pradesh was deemed a revenue receipt, aligning with the Supreme Court's ruling in Sahney Steel & Press Works Ltd. v. CIT. The Tribunal partially allowed the revenue's appeal, with the subsidy taxable as a revenue receipt. Case-Laws Income Tax Fri, 11 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178685