{"id":6013,"date":"2026-05-25T00:43:50","date_gmt":"2026-05-25T00:43:50","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=6013"},"modified":"2026-05-25T00:43:52","modified_gmt":"2026-05-25T00:43:52","slug":"income-tax-sc-judgement-dated-10-12-2026-allows-deduction-of-grants-as-they-were-part-of-statutory-business-activity","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/05\/25\/income-tax-sc-judgement-dated-10-12-2026-allows-deduction-of-grants-as-they-were-part-of-statutory-business-activity\/","title":{"rendered":"Income Tax, SC judgement Dated 10\/12\/2026 – Allows deduction of Grants as they were part of Statutory Business Activity\u00a0"},"content":{"rendered":"\n

Case of National Cooperative Development Corporation Vs CIT,\u00a0SC Judgement Dated 10th<\/sup>\u00a0December 2025.<\/em>\u00a0The apex court ruled that grants and subsidies disbursed by the NCDC (intended to aid cooperative societies) qualify as permissible revenue expenditure under Section 37 of the Income Tax Act. The expenditures are deductible regardless of whether the funds originate from the Central Government or interest earned on idle funds.<\/p>\n\n\n\n

(Link: SC Judgement Dated 10\/12\/2025) <\/em><\/a> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Case of National Cooperative Development Corporation Vs CIT,\u00a0SC Judgement Dated 10th\u00a0December 2025.\u00a0The apex court ruled that grants and subsidies disbursed […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,15],"tags":[],"class_list":["post-6013","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-judiciary"],"yoast_head":"\nIncome Tax, SC judgement Dated 10\/12\/2026 - 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