THE PRINCIPAL COMMISSIONER OF INCOME TAX AND ANR. vs. M/S GREENPLY INDUSTRIES LIMITED
ITA/6/2023HC Gauhati03 Mar 2025
Bench: Honourable The Chief Justice Honourable Mr. Justice N. Unni Krishnan Nair Date Of Hearing : 25.02.2025 Date Of Judgment & Order : 04.03.2025
For Respondent: B SARMA, DR. ASHOK SARAF,MR P BARUAH,MR. N N
Section 115Section 143(3)Section 260A
7 SCC 764, on discussing and analyzing the entire case law, has
laid down the basic test to be applied in judging the character of a subsidy.
The test is that the character of the receipt in the hands of an assessee,
has to be determined with respect to the purpose for which the subsidy is
given. In other words
