C.I.T., JABALPUR vs M/S.RAJARAM MAIZE PRODUCTS — C.A. No. 2006/1998

Summary On 23 August 2001, the Supreme Court allowed the appeals of the C.I.T., Jabalpur against M/s. Rajaram Maize Products, holding that power subsidies received by the assessee were revenue receipts taxable under section 28(iv) of the Income Tax Act, 1961, not capital receipts as the Tribunal had determined. The Court set aside the Tribunal's orders and answered the question in favour of the Revenue, with no order as to costs. This case analysis is maintained by casestatus.in based on publicly available court records.