2018 (7) TMI 1693 - SCH - Income Tax

Grants receipt from the Govt. of NCT of Delhi for meeting revenue expenses i.e. by way of ex-gratia payment upon voluntary retirement - Assessing Officer (AO) treated this receipt as income and sought to tax it - CIT(A) s interpretation of the payable entry with respect to this was that it was an outstanding liability vis-a-vis Govt. of NCT of Delhi and the Pension Trust vis-a-vis the assessee - Held that - Special Leave Petition is dismissed both on the ground of delay as well as on merits.