Reviewed case brief
CIT v Kulu Valley Transport Co
[VERIFY]
[VERIFY] · Supreme Court of India
- Court
- Supreme Court of India
- Year
- 1970
- Subjects
- Law of Taxation
- Reviewed
- 2026-08-02
Rule established
Subsidy received from the Government for running transport services is revenue in nature and taxable as business income.
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
[VERIFY]
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.