https://www.taxtmi.com/caselaws?id=393038 The Supreme Court held that the transport subsidy received by the assessee during certain assessment years should be treated as a revenue receipt, following the principle established in a previous case involving the same assessee. As the High Court's decision for a subsequent assessment year had been accepted by the Department and no appeal was filed, the appeals in the present case were successful on the same terms. Consequently, there was no need for reassessment on this matter, and the Supreme Court disposed of the appeals and pending applications accordingly. en-us Thu, 30 Jan 2020 00:00:00 +0530 Sun, 15 Mar 2020 22:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393038 The Supreme Court held that the transport subsidy received by the assessee during certain assessment years should be treated as a revenue receipt, following the principle established in a previous case involving the same assessee. As the High Court's decision for a subsequent assessment year had been accepted by the Department and no appeal was filed, the appeals in the present case were successful on the same terms. Consequently, there was no need for reassessment on this matter, and the Supreme Court disposed of the appeals and pending applications accordingly. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393038