https://www.taxtmi.com/highlights?id=99087 ITAT rejected the Revenue's Rule 46A objection because the EPCG licence documents and computation were already part of the record before the Assessing Officer, and no fresh evidence had been admitted by the first appellate authority. It further upheld deletion of the addition relating to the Government grant, holding that the amount had been credited in the books under Ind-AS-compliant accounting, was tax neutral for income-tax purposes, and had already been included in the returned total income. A further addition would therefore result in double addition. The Revenue's appeal was dismissed. en-us Thu, 23 Apr 2026 11:01:43 +0530 Thu, 23 Apr 2026 11:01:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=99087 ITAT rejected the Revenue's Rule 46A objection because the EPCG licence documents and computation were already part of the record before the Assessing Officer, and no fresh evidence had been admitted by the first appellate authority. It further upheld deletion of the addition relating to the Government grant, holding that the amount had been credited in the books under Ind-AS-compliant accounting, was tax neutral for income-tax purposes, and had already been included in the returned total income. A further addition would therefore result in double addition. The Revenue's appeal was dismissed. Highlights Income Tax Thu, 23 Apr 2026 11:01:43 +0530 https://www.taxtmi.com/highlights?id=99087