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Economy News

The Economic Times

Economy / The Economic Times

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Electricity subsidy for existing businesses is taxable, Supreme Court rules

The Supreme Court recently ruled that electricity subsidies granted under the Income Tax Act are subject to taxation as revenue receipts. This ruling aligns with past decisions related to Mepco Industries and its claims from 1997-98. The court clarified that, although these subsidies aim to support operational costs, they are not intended to generate capital assets.

8 Oct 2026 12:07 am