Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2005 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (7) TMI 305 - AT - Income TaxExtract: ....... from the scheme of the subsidy that subsidy is given to assist the assessee to run the business after the cinema house is constructed after 14-1-1980 and, therefore, subsidy is a revenue receipt. The order of the CIT (Appeals) is reversed and order of the Assessing Officer is confirmed. 8. In the result both the appeals of the revenue are allowed.
|