https://www.taxtmi.com/caselaws?id=175353 The Ld. Commissioner of Income Tax (Appeals) and ITAT ruled in favor of the assessee in a case involving deletions of additions related to interest on relocation of industries, a scheme for low-cost housing, and a capital grant received by a corporation. The authorities cited precedents and previous decisions in the appellant's favor, directing the Assessing Officer to delete the additions as they were not considered taxable income. Additionally, the ITAT held that interest on income tax refunds from government schemes should not be taxable in the hands of the assessee, directing verification of payments to the government. en-us Fri, 27 May 2011 00:00:00 +0530 Wed, 18 Nov 2015 17:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175353 The Ld. Commissioner of Income Tax (Appeals) and ITAT ruled in favor of the assessee in a case involving deletions of additions related to interest on relocation of industries, a scheme for low-cost housing, and a capital grant received by a corporation. The authorities cited precedents and previous decisions in the appellant's favor, directing the Assessing Officer to delete the additions as they were not considered taxable income. Additionally, the ITAT held that interest on income tax refunds from government schemes should not be taxable in the hands of the assessee, directing verification of payments to the government. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175353