TMI Blog1989 (3) TMI 123X X X X Extracts X X X X X X X X Extracts X X X X ..... ereinafter referred to as "the Act"), the Income-tax Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the sum of Rs. 54,454 received by the assessee as sales tax subsidy was a taxable receipt ?" The, material facts giving rise to this ref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ferred by the assessee before the Tribunal was also dismissed. Aggrieved by the order passed by the Tribunal, the assessee sought reference and it is at the instance of the assessee that the aforesaid question of law has been referred to this court for its opinion. Having heard learned counsel for the parties, we have come to the conclusion that this reference must be answered in the negative an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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