https://www.taxtmi.com/caselaws?id=6039 The Supreme Court allowed the appeal, overturning the Tribunal's decision on power subsidy classification as a capital receipt. The Court ruled that power subsidies are revenue in nature and subject to taxation, emphasizing that the subsidy in question aimed at reducing electricity costs. This decision favored the Revenue authority. en-us Thu, 23 Aug 2001 00:00:00 +0530 Fri, 24 Aug 2018 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6039 The Supreme Court allowed the appeal, overturning the Tribunal's decision on power subsidy classification as a capital receipt. The Court ruled that power subsidies are revenue in nature and subject to taxation, emphasizing that the subsidy in question aimed at reducing electricity costs. This decision favored the Revenue authority. Case-Laws Income Tax Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6039