https://www.taxtmi.com/caselaws?id=192646 The Appellate Tribunal upheld the deletion of the addition made by the Assessing Officer regarding unutilized revenue grants. The Tribunal found that the ld. CIT(A) correctly concluded that the unspent grants should not be treated as income, based on established legal principles and precedents. The Tribunal dismissed the Revenue's appeal, noting the absence of any distinguishing decision favoring the Revenue and referencing a previous decision in the assessee's favor for a similar issue in a prior assessment year. en-us Thu, 11 Aug 2016 00:00:00 +0530 Fri, 09 Jun 2017 05:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192646 The Appellate Tribunal upheld the deletion of the addition made by the Assessing Officer regarding unutilized revenue grants. The Tribunal found that the ld. CIT(A) correctly concluded that the unspent grants should not be treated as income, based on established legal principles and precedents. The Tribunal dismissed the Revenue's appeal, noting the absence of any distinguishing decision favoring the Revenue and referencing a previous decision in the assessee's favor for a similar issue in a prior assessment year. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192646