https://www.taxtmi.com/caselaws?id=3194 The High Court emphasized the need for a detailed examination of the scheme of subsidy to determine the tax treatment of subsidies. It highlighted that subsidies can be either capital or revenue, and the distinction requires a thorough analysis of various factors. The Court criticized the Tribunal for not discussing the relevant scheme of power subsidy in the case and declined to answer the question referred due to insufficient material for a proper decision. en-us Tue, 18 Jan 2005 00:00:00 +0530 Tue, 29 Jul 2008 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3194 The High Court emphasized the need for a detailed examination of the scheme of subsidy to determine the tax treatment of subsidies. It highlighted that subsidies can be either capital or revenue, and the distinction requires a thorough analysis of various factors. The Court criticized the Tribunal for not discussing the relevant scheme of power subsidy in the case and declined to answer the question referred due to insufficient material for a proper decision. Case-Laws Income Tax Tue, 18 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3194