https://www.taxtmi.com/caselaws?id=13710 The High Court of Madras ruled in favor of the Revenue regarding the treatment of power subsidy as a capital receipt. However, the court sided with the assessee on the treatment of 'front end fee,' considering it as revenue expenditure. The court upheld the Tribunal's decision, disposing of the tax case in favor of the assessee without awarding costs. en-us Mon, 09 Oct 2006 00:00:00 +0530 Wed, 01 Jul 2009 17:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13710 The High Court of Madras ruled in favor of the Revenue regarding the treatment of power subsidy as a capital receipt. However, the court sided with the assessee on the treatment of 'front end fee,' considering it as revenue expenditure. The court upheld the Tribunal's decision, disposing of the tax case in favor of the assessee without awarding costs. Case-Laws Income Tax Mon, 09 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13710