2001 (11) TMI 24

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..... following question: "Whether, on the facts and in the circumstances of the case, the grants received from the Government by the assessee-company, which is a 100 per cent. Government company, to enable the company to function, was a capital or revenue receipt?" The Steel Authority of India Ltd. is a Government company within the meaning of section 617 of the Indian Companies Act. It received gran .....

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..... ;          3,46,663     The year ending on 31-3-1974             22,20,891     The year ending on 31-3-1975              5,32,446 ------------------------------------------------------------------- .....

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