2019 (1) TMI 482 - SCH - Income Tax

Amount received from the State Government in the form of grant-in-aid - whether to be treated as revenue receipt, on the basis of application of funds so received, which was utilized for clearing salary, Provident Fund dues and flood relief? - Held that - Special Leave Petition is dismissed. Pending applications, if any, stand disposed of.

Summary

The Supreme Court dismissed the Special Leave Petition after condoning the delay. Pending applications were disposed of. (Case citation: 2019 (1) TMI 482 - SC)