https://www.taxtmi.com/caselaws?id=23754 Rubber replanting subsidy was held not to be a revenue receipt and therefore not assessable as income under the Income-tax Act. The analysis applied the Full Bench view that such replantation subsidy cannot be characterised as taxable revenue receipt. On that basis, the substantive taxability issue was resolved in favour of the assessee, and the subsidy was treated as outside the charge to tax. en-us Mon, 16 Oct 1989 00:00:00 +0530 Fri, 25 Dec 2009 17:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23754 Rubber replanting subsidy was held not to be a revenue receipt and therefore not assessable as income under the Income-tax Act. The analysis applied the Full Bench view that such replantation subsidy cannot be characterised as taxable revenue receipt. On that basis, the substantive taxability issue was resolved in favour of the assessee, and the subsidy was treated as outside the charge to tax. Case-Laws Income Tax Mon, 16 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23754