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2021 (1) TMI 154 - AT - Income TaxExemption on account of Industrial Promotion Assistance (IPA) by treating the same to be capital in nature - HELD THAT:- The solitary issue involved in the appeal of the revenue thus is squarely covered in favour of the assessee by the orders of this Tribunal passed in assessee’s own case for the AYs. 2008-09 and 2009-10 [2017 (9) TMI 1167 - ITAT KOLKATA] and respectfully following the same, we uphold the impugned order of the Ld. CIT(A) directing the AO to allow the claim of the assessee for exemption on account of Industrial Promotion Assistance (IPA) by treating the same to be capital in nature.
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