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2018 (5) TMI 513 - AT - Income TaxRevision u/s 263 - nature of subsidy received - Held that:- While adjudicating the nature of subsidy received by the assessee whether it is capital/Revenue in nature. AO shall follow the ratio decidendi laid by the Hon’ble Jurisdictional High Court in the case of Rasoi Limited (2011 (5) TMI 23 - CALCUTTA HIGH COURT) in case if the facts and law are identical. AO to give effect to the order of the CIT in respect of both the issues after hearing the assessee and pass a speaking order. We dismiss the present appeal of the assessee and do not comment on the order of the Principal CIT U/s 263 of the Act, for which the assessee is in appeal before us.
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