2023 (6) TMI 1171 - SCH - Income Tax

Nature of subsidy receipt - value of the MILIEV grant given by the Dutch government as a subsidy for purchase of wind turbine generator - transfer of right by the assessee to another company, no offset credit and electricity charges paid to Wescare as deduction - HC confirmed ITAT orders for deleting the additions - HELD THAT - No case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The special leave petitions are, accordingly, dismissed.

Summary

The Supreme Court dismissed the special leave petitions as no interference was warranted under Article 136 of the Constitution of India. The delay was condoned, and any pending application was disposed of.