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2004 (8) TMI 65 - HC - Income TaxGrant-in-aid received by the assessee under the scheme of the State of U.P. introduced with the object to promote the construction of permanent cinema buildings in the backward areas - "Whether Tribunal was justified in law in holding that the grant-in-aid of Rs. 3,06,711 received by the assessee under the scheme of the State of U.P. introduced with the object to promote the construction of permanent cinema buildings in the backward areas as revenue receipt in the hands of the assessee?" – Held that the grant-in-aid received by the applicant was a capital receipt and not a trade receipt
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