Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Girish Agrawal
penalty recovered for late execution of work, etc. 8.4. Therefore, the 'other income' of Rs.19,53,089/- is considered as gross receipt and taxable as the same is not grant-in-aid as evident from the letter so submitted and also on its nature of receipt. 9. The assessee claimed that since the entire surplus is not their income