2023 (6) TMI 1225 - 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 - HELD THAT - Delay condoned. In view of the order passed by this Court in 2023 (6) TMI 1171 - SC ORDER no case for interference under Article 136 of the Constitution is made out. Special Leave Petition is dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition citing a previous order and stated that no interference under Article 136 of the Constitution is warranted. The delay was condoned, and pending applications were disposed of.