https://www.taxtmi.com/caselaws?id=16787 The Court held that the subsidy received by the assessee from a private organization was not taxable under the Income-tax Act. The subsidy was deemed voluntary and gratuitous, not related to services rendered, and therefore not subject to tax under section 28 of the Act. The Court clarified that subsidies or cash assistance are taxable only if provided by the Government under a scheme, excluding assistance from private bodies. The judgment favored the assessee, ruling against the Revenue, and the application was disposed of accordingly with unanimous agreement from the judges. en-us Tue, 24 Mar 1998 00:00:00 +0530 Sat, 12 Sep 2009 12:22:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16787 The Court held that the subsidy received by the assessee from a private organization was not taxable under the Income-tax Act. The subsidy was deemed voluntary and gratuitous, not related to services rendered, and therefore not subject to tax under section 28 of the Act. The Court clarified that subsidies or cash assistance are taxable only if provided by the Government under a scheme, excluding assistance from private bodies. The judgment favored the assessee, ruling against the Revenue, and the application was disposed of accordingly with unanimous agreement from the judges. Case-Laws Income Tax Tue, 24 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16787