2011 (9) TMI 1219

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..... s at the instance of the Revenue and is directed against the order dated 16th November, 2010 passed by the Income Appellate Tribunal, "A" Bench, Kolkata, in ITA No. 1330/Kol/2010 for the assessment year 2004-05 by which the Tribunal dismissed the appeal preferred by the Revenue against the order of the CIT (A) Kolkata dated 22nd December, 2009 by deleting the addition of ₹ 41,49,365/- made o .....

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..... on in favour of the assessee by holding that the object of subsidy in the aforesaid scheme is for expansion of their capabilities, modernization and improving their marketing capabilities and those are for the assistance on capital account. This Bench by relying upon the decision of the Supreme Court in the case of Senairam Doongarmall vs. Commissioner of Income Tax, Assam, reported in AIR 1961 SC .....

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