https://www.taxtmi.com/caselaws?id=218048 The revenue's appeals against the CIT(A)'s decisions for assessment years 2005-06 and 2006-07 regarding the assessability of grants received under "Pradhan Mantri Gram Sadak Yojana" and interest on unutilized grants were dismissed. The CIT(A) rulings in favor of the assessee were upheld by the tribunal, emphasizing the specific purpose of the grants and the treatment of interest. Despite the revenue's contentions, the assessed income remained unaffected, leading to the dismissal of the appeals as having academic interest only. en-us Fri, 12 Oct 2012 00:00:00 +0530 Thu, 01 Nov 2012 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218048 The revenue's appeals against the CIT(A)'s decisions for assessment years 2005-06 and 2006-07 regarding the assessability of grants received under "Pradhan Mantri Gram Sadak Yojana" and interest on unutilized grants were dismissed. The CIT(A) rulings in favor of the assessee were upheld by the tribunal, emphasizing the specific purpose of the grants and the treatment of interest. Despite the revenue's contentions, the assessed income remained unaffected, leading to the dismissal of the appeals as having academic interest only. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218048