Government Subsidy: Whether Of Revenue Or Capital In Nature?

Advocate Akhilesh Kumar Sah

The Supreme Court, in Sahney Steel & Press Works Ltd. vs. CIT (1997) 141 Taxation 169, has laid down the basic principle to be applied for determining as to whether the subsidy payment is in the nature of capital or revenue. Hon

Please become a Premium member. If you are already a Premium member, login here to access the full content.