UTTAR PRADESH WATER SUPPLY AND SANITATION MISSION,LUCKNOW vs. ACIT(EXEMPTION) CIRCLE, LUCKNOW

In the result, both appeals are partly allowed

2,\nbringing it under the definition of \"Income\" under the Income Tax Act, 1961. The\nrelevant provision is extracted hereunder:\n\"Definitions.\n2. In this Act, unless the context otherwise requires,-\n(24) \"income\" includes-\n(xviii) assistance in the form of a subsidy or grant or cash incentive or\nduly drawback or waiver or concession or reimbursement (by whatever

DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS) LUCKNOW, LUCKNOW vs. UTTAR PRADESH WATER SUPPLY AND SANITATION MISSION, LUCKNOW

In the result, both appeals are partly allowed