2023 (6) TMI 826 - 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, could not be brought to tax in the hands of the assessee u/s.28(iv) - Tribunal accepting the letter of the broker that no off set credits were given to the assessee - Tribunal allowing the electricity charges paid to Wescare as a deduction - HC confirmed ITAT decisions. HELD THAT - No case for interference is made out under Article 136 of the Constitution of India. SLP dismissed.

Summary

The Supreme Court dismissed the special leave petition as no case for interference was made out under Article 136 of the Constitution of India. Delay was condoned.