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2014 (2) TMI 846 - HC - Income TaxDisallowance of claim u/s 11(1) Explanation 2 of the Act - Nature of grant received – Held that:- The decision in CIT v . Gujarat State Disaster Management Authority [2014 (2) TMI 789 - GUJARAT HIGH COURT] followed - the amount received by the assessee by way of grant cannot be said to be an income – thus, the ITAT has rightly deleted the addition made by the Assessing Officer - when the amount received by the assessee by way of grant from the State Government cannot be said to be an income and consequently the additions made by the Assessing Officer is deleted, then there is no need to interfere in the order of ITAT – Decided against Revenue.
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