https://www.taxtmi.com/caselaws?id=409251 The Tribunal set aside the CIT(A)'s order and remanded the case to the Assessing Officer for reevaluation. The Assessing Officer was instructed to examine the subsidy scheme and apply the principles outlined in the Supreme Court case of CIT Vs. Meghalaya Steels Ltd. The Tribunal emphasized the necessity of scrutinizing the subsidy scheme to determine its eligibility for deduction under section 80IA. The Revenue's appeal was deemed allowed for statistical purposes. en-us Wed, 30 Jun 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409251 The Tribunal set aside the CIT(A)'s order and remanded the case to the Assessing Officer for reevaluation. The Assessing Officer was instructed to examine the subsidy scheme and apply the principles outlined in the Supreme Court case of CIT Vs. Meghalaya Steels Ltd. The Tribunal emphasized the necessity of scrutinizing the subsidy scheme to determine its eligibility for deduction under section 80IA. The Revenue's appeal was deemed allowed for statistical purposes. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409251