Bombay High Court Dismisses Revenue Appeals in Cooperative Sugar Factory Tax Cases — Cane Price Subsidy Not Taxable as Revenue Receipt. Subsidy paid by State Government to sugar factories for sugarcane price differential is a capital receipt not liable to income tax under Section 4 of the Income Tax Act, 1961.
30 Nov -0001The case involves multiple tax appeals filed by the Commissioner of Income Tax, Pune, against various cooperative sugar factories in Ahmednagar distri...
