https://www.taxtmi.com/caselaws?id=180683 The High Court ruled in favor of the assessee regarding the excess sale amount and statutory liabilities. However, the taxability of the subsidy received from the State Government was decided in favor of the revenue, as it was considered a trade receipt and taxable income. en-us Thu, 17 May 2007 00:00:00 +0530 Thu, 31 Mar 2016 11:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180683 The High Court ruled in favor of the assessee regarding the excess sale amount and statutory liabilities. However, the taxability of the subsidy received from the State Government was decided in favor of the revenue, as it was considered a trade receipt and taxable income. Case-Laws Income Tax Thu, 17 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180683