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![Subsidy from Govt Rehabilitation Scheme Milk Producers’ Co-operative is Capital Receipt, Not Taxable as Revenue Receipt: Madras HC [Read Order] Subsidy from Govt Rehabilitation Scheme Milk Producers’ Co-operative is Capital Receipt, Not Taxable as Revenue Receipt: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/24/500x300_2114587-milk-producers-co-operative-capital-receipt-taxable-revenue-receipt-madras-hc-taxscan.webp)
Subsidy from Govt Rehabilitation Scheme Milk Producers’ Co-operative is Capital Receipt, Not Taxable as Revenue Receipt: Madras HC [Read Order]
The Madras High Court has directed the income tax department to treat the subsidy/grant-in-aid of Rs. 3.5 crores received from the government ...


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