Technology Upgradation Fund Subsidy received was capital receipt and not taxable
September 1, 2021
Income Tax, Supreme Court
Technology Upgradation Fund Subsidy received was capital receipt and not taxable. Supreme Court dismisses the SLP of the Department In the instant case, the Revenue had filed SLP before the Hon’ble Supreme Court challenging the order passed by the Hon’ble High Court in confirming that amount of subsidy …