https://www.taxtmi.com/highlights?id=63649 Nature of receipt - subsidy received in the form of octroi refund as revenue receipts invoking the provisions of section 28(iv) - Revenue or capital receipt - Since the amended provision of section 2(24)(xviii) is not applicable to the year under consideration, the sequitur is that the subsidy received by the assessee would not form part of its total income - AT en-us Tue, 24 May 2022 06:56:09 +0530 Tue, 24 May 2022 06:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63649 Nature of receipt - subsidy received in the form of octroi refund as revenue receipts invoking the provisions of section 28(iv) - Revenue or capital receipt - Since the amended provision of section 2(24)(xviii) is not applicable to the year under consideration, the sequitur is that the subsidy received by the assessee would not form part of its total income - AT Highlights Income Tax Tue, 24 May 2022 06:56:09 +0530 https://www.taxtmi.com/highlights?id=63649