KTM Engineering is a company that manufactured household appliances and goods. It obtains the components for its products from various suppliers. In 2019, the company discovered that several items of a component from one of its suppliers did not meet its specifications. It made a claim against the supplier, who at first denied any liability. After a period of lengthy negotiations and to maintain goodwill, the supplier paid KTM Engineering a sum of RM45,000. In 2019, the company also received a subsidy from the government which was to subsidise part of the operating expenditure of the company. The subsidy received was RM16,000.

Required: State, with reasons, whether the receipts of RM45,000 and RM16,000 respectively are liable to income tax.