Money & Corp · Supreme Court of India
23h
AI illustrationIs Mepco's power subsidy a taxable income?
Your callIs the ₹16,20,745 power subsidy taxable income for Mepco?
TL;DR
- 1Mepco Industries received a ₹16,20,745 from the Government of Pondicherry.
- 2They claimed it was a capital receipt and not taxable, but tax authorities said it was revenue income.
- 3The court had to decide if this subsidy helped start the business or just reduced electricity costs.




