2013 (5) TMI 103

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....st the order dated 14.11.2011 of the CIT(A) for the AY 2008-0-9. 2 The only effective ground raised by the revenue in this appeal is as under: "On the facts and circumstances of the case and in law, the ld CIT(A) erred in deleting the addition of Rs. 76,35,463/- made by the Assessing Officer without appreciating the fact that the assessee had failed to produce any evidence before the Assessi....

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.... record. This amount of Rs. 76,35,463/- is the 80% of the total amount receipt from Montreal Protocol for phasing out the production of Chlorinated Rubber and supply of Carbon Tetra Chloride to non feed stock sector. This compensation has been received by the assessee as per the sub grant agreement entered into with the Industrial Development Bank of India Ltd. 20% of the compensation being the fi....

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....uce or process any article or thing or right to carry on any business; which is chargeable under the head "capital gains". (ii) any sum received as compensation, from the multilateral fund of the Montreal Protocol on substances that Deplete the Ozone layer under the United nations Environment Programme, in accordance with the terms of agreement entered into with the Government of India. We f....