https://www.taxtmi.com/highlights?id=55010 Subsidy received under TUFS - Income chargeable to tax - The receipt does not become taxable, merely because it was erroneously offered to tax by the assessee in the return of income. The department is entitled to collect only legitimate tax that are due from the assessee. - assessed income could go below the returned income. - AT en-us Mon, 05 Oct 2020 08:27:31 +0530 Mon, 05 Oct 2020 08:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55010 Subsidy received under TUFS - Income chargeable to tax - The receipt does not become taxable, merely because it was erroneously offered to tax by the assessee in the return of income. The department is entitled to collect only legitimate tax that are due from the assessee. - assessed income could go below the returned income. - AT Highlights Income Tax Mon, 05 Oct 2020 08:27:31 +0530 https://www.taxtmi.com/highlights?id=55010