https://www.taxtmi.com/caselaws?id=185951 Expenditure by way of grants disbursed for objects and purposes authorised by an assessee's enabling statute may qualify for deduction under section 36(1)(xii) if it is not capital in nature. The Tribunal noted that non-refundable grants were said to be allowable only on actual utilisation and after Fund Utilisation Reports, while the Revenue treated the amounts as conditional loans under the grant terms. Because the factual position on whether the disbursements came from grants received in the relevant year and whether deduction was claimed only after actual use required verification, the matter was remanded to the Assessing Officer for fresh examination. en-us Thu, 21 Apr 2011 00:00:00 +0530 Thu, 20 Apr 2023 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185951 Expenditure by way of grants disbursed for objects and purposes authorised by an assessee's enabling statute may qualify for deduction under section 36(1)(xii) if it is not capital in nature. The Tribunal noted that non-refundable grants were said to be allowable only on actual utilisation and after Fund Utilisation Reports, while the Revenue treated the amounts as conditional loans under the grant terms. Because the factual position on whether the disbursements came from grants received in the relevant year and whether deduction was claimed only after actual use required verification, the matter was remanded to the Assessing Officer for fresh examination. Case-Laws Income Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185951