https://www.taxtmi.com/caselaws?id=56511 Grant-in-aid received after commencement of business, intended to support the running of the cinema and not tied to acquisition of a capital asset, was treated as a revenue receipt on the purpose test; the mode of quantification by reference to entertainment tax did not change its character. The article also notes that an unexplained cash credit was sustained where the assessee failed to prove the creditor's capacity, genuineness of the transaction, and source of funds, and that a freight and cartage disallowance was upheld because no adequate supporting material was produced to verify the expenditure. en-us Wed, 24 Apr 2002 00:00:00 +0530 Sat, 04 Dec 2010 11:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56511 Grant-in-aid received after commencement of business, intended to support the running of the cinema and not tied to acquisition of a capital asset, was treated as a revenue receipt on the purpose test; the mode of quantification by reference to entertainment tax did not change its character. The article also notes that an unexplained cash credit was sustained where the assessee failed to prove the creditor's capacity, genuineness of the transaction, and source of funds, and that a freight and cartage disallowance was upheld because no adequate supporting material was produced to verify the expenditure. Case-Laws Income Tax Wed, 24 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56511