https://www.taxtmi.com/caselaws?id=18017 The court allowed the writ petition challenging the inclusion of an interest subsidy in the taxable income of the assessee. The court referenced a previous decision and a Central Board of Direct Taxes Circular to support its ruling. The assessing authority was directed to redo the assessment excluding the interest subsidy amount, as it was not deemed taxable income under the Income-tax Act provisions. en-us Thu, 13 Jan 1994 00:00:00 +0530 Fri, 17 Mar 2017 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18017 The court allowed the writ petition challenging the inclusion of an interest subsidy in the taxable income of the assessee. The court referenced a previous decision and a Central Board of Direct Taxes Circular to support its ruling. The assessing authority was directed to redo the assessment excluding the interest subsidy amount, as it was not deemed taxable income under the Income-tax Act provisions. Case-Laws Income Tax Thu, 13 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18017