https://www.taxtmi.com/caselaws?id=335862 The Supreme Court ruled that the subvention received by the Assessee - Company from its parent Company in Germany should not be classified as revenue receipts but rather as payments to safeguard the capital investment of the Assessee Company for the relevant Assessment Years. The Court differentiated the case from previous decisions involving grants-in-aid from public funds, emphasizing the voluntary nature of the contributions made by the parent Company. The Court overturned the High Court's decision and held in favor of the Assessee, allowing the appeals and setting aside the High Court's order. en-us Wed, 07 Dec 2016 00:00:00 +0530 Fri, 03 Feb 2017 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335862 The Supreme Court ruled that the subvention received by the Assessee - Company from its parent Company in Germany should not be classified as revenue receipts but rather as payments to safeguard the capital investment of the Assessee Company for the relevant Assessment Years. The Court differentiated the case from previous decisions involving grants-in-aid from public funds, emphasizing the voluntary nature of the contributions made by the parent Company. The Court overturned the High Court's decision and held in favor of the Assessee, allowing the appeals and setting aside the High Court's order. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335862