2013 (3) TMI 175

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Ritu Bahri,JJ. Mr. Dinesh Goyal, Advocate, for the appellant. ORDER This order shall dispose of the above mentioned Income Tax Appeals filed under Section 260A of the Income Tax Act, 1961 (for short 'the Act') against the order dated 16.12.2011 passed by the Income Tax Appellate Tribunal, Amritsar (for short 'the Tribunal') arising out of the assessment year 2003-07 raising the following....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....gn income to the total income. We find that the reliance on above said judgment is not tenable, as in the aforesaid case, the deductions under Section 80-O of the Act was declined for the reason that the assessee has not produced any details of the expenses allegedly incurred by it. The Delhi High Court observed :- "The assessee, for claiming deduction under Section 80-O of the Act, wanted t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Government. The assessee reflected the same as capital receipt, whereas it has been treated as to be revenue receipt. The issue; whether the amount of grant in aid is capital receipt or a revenue receipt, is a debatable issue. The findings returned in the judgment relied upon is on fact of non-furnishing of details of expenses. The issue was not debatable as in the present case. Therefore, the r....