Income from Electricity Duty Exemption Deemed Hypothetical, Not Subject to Additions as Revenue or Capital Receipt.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Characterization of Income - Electricity duty exemption - revenue receipt OR Capital receipt - Assessee had not received any benefit by way of adjustment or reimbursement for the year under consideration, so it was a hypothetical income which may or may not materialize to its money value. - additions deleted.....