S.4 – “Unutilized Government grant” received for some specific purpose and subject to refund obligation is a “capital receipt” and will partake the character of “income” only when utilized by assessee for the intended purpose.
S.4 – “Unutilized Government grant” received for some specific purpose and subject to refund obligation is a “capital receipt” and will partake the character of “income” only when utilized by assessee for the intended purpose.