2001 (8) TMI 13

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.... Civil Appeals Nos 2004 and 2005 of, 3462 of, 3560 of 1998 and 5677 of 2001 - -<br>Income Tax<br>S P. Bharucha, Y. K. Sabharwal And Ashok Bhan JJ. For the Appellant : Ajay Sharma, Ms. Neera Gupta, B.....

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....tion 28(iv) of the Income-tax Act, 1961 ?" This court in Sahney Steel and Press Works Ltd. v. CIT [1997] 228 ITR 253, has held that power subsidies are of revenue nature and have to be taxed accordin....