2013 (10) TMI 83

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.... Respondent : S. Chandra, D. D. Chopra, Pradeep Agarwal ORDER (Delivered by Hon'ble Dr. Satish Chandra J.) Present Appeal is filed by the assessee under Section 260-A of the Income Tax Act 1961, against the judgment and order dated 31.10.2002 passed by the Income Tax Appellate Tribunal, Lucknow in Appeal No.1212/Alld/1995 for the assessment year 1988-89. On 13.03.2009, a Coordinate Bench of th....

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....nder consideration, the assessee has filed the return for the loss. The A.O. vide order dated 29.03.1995 has disallowed the various deductions and made the additions, which were partly upheld by the First Appellate Authority. Further, the A.O. rejected the claim of the assessee pertaining to the incentive realized by way of additional quota of free sugar under Sampat Incentive Scheme, as Capital R....

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.... 29th June 1993, filed vide Acknowledgment No.135952 in respect of Treatment of Rs.13,75,740.86 representing Incentive realized by way of additional quota of free sugar, under Sampat Incentive Scheme, as Capital Receipt, in the present case' A perusal of ground of appeal shows that the assessee had not taken any ground in respect of treatment of incentive subsidy. There is nothing on record to sh....