https://www.taxtmi.com/caselaws?id=18883 The court ruled in favor of the assessee, determining that the subsidy received under a government order was a capital receipt and not a trading receipt for tax purposes. The Income-tax Appellate Tribunal's decision to delete the subsidy amount as additional net profits was upheld, based on the analysis of the government order and legal precedents distinguishing between capital and revenue receipts related to subsidies. en-us Mon, 03 Jul 1995 00:00:00 +0530 Mon, 02 Nov 2009 15:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18883 The court ruled in favor of the assessee, determining that the subsidy received under a government order was a capital receipt and not a trading receipt for tax purposes. The Income-tax Appellate Tribunal's decision to delete the subsidy amount as additional net profits was upheld, based on the analysis of the government order and legal precedents distinguishing between capital and revenue receipts related to subsidies. Case-Laws Income Tax Mon, 03 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18883