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2002 (12) TMI 39 - HC - Income TaxAmounts received by the assessee as subsidy – capital or revenue receipt - Government of Tamil Nadu has framed a special component plan for employment of persons from Adi Dravida community and to provide employment to persons coming from Adi Dravida community, the Government has granted the subsidy with the object and intention to benefit the persons coming from Adi Dravida community by providing them employment. - The amount received by the assessee has nothing to do with the trade or business of the assessee. It is not a reimbursement of salary; it is not made for the normal working of the mill ; it is not made for the benefit of the assessee, but paid with a social objective in mind to achieve a social purpose – Thus, amount received by way of subsidy under the scheme was capital in nature
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