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2015 (11) TMI 1741 - ITAT NAGPURSales tax incentive received - revenue or capital receipt - disallowance of premium payable on issue of Zero Coupon Convertible Bonds - Disallowance on account contribution to various institutions and club - disallowance on account of deduction of contribution to an approved body recognized u/s 35(1)(ii) - Held that:- Acceptable by the learned Departmental Representative that learned CIT(Appeals) has followed ITAT’s order in assessee’s own case in deleting the addition or setting aside the same to the file of the AO to consider in the light of ITAT decision. No case has been made out that jurisdictional High Court has reversed the earlier ITAT decision or that the facts in the present case are different. Hence respectfully following the precedent, we do not find any infirmity in the order of learned CIT(Appeals). We affirm his order deleting the addition or setting aside the issue as applicable.
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