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2018 (9) TMI 1011 - AT - Income TaxDeduction of interest subsidy under section 80IC - Hed that:- This issue is squarely covered by the decision in the case of CIT vs. Meghalaya Steels Ltd [2016 (3) TMI 375 - SUPREME COURT] which was also considered by Tribunal in assessee’s own case for AY 2010-11 [2017 (3) TMI 951 - ITAT MUMBAI], wherein exactly identical issue was considered that the impugned amount was received back by the assessee from banks under the scheme of Ministry of Textile in respect of reimbursement out of the actual interest first paid to the assessee to the banks. These facts have not been disputed by the Ld. DR before us. Under these circumstances, we find that judgment of Hon'ble Supreme Court in the case of Meghalaya Steels Ltd. (supra) squarely covers the issues involved. Thus, we find no need for making interference in the order passed by Ld. CIT(A) wherein claim made by the assessee was allowed by Ld. CIT(A) - Decided against revenue
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