2013 (12) TMI 536

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....filed these three appeals against separate orders of CIT(A), Amritsar, each dated 12.10.2012 relating to assessment years 2003- 04, 2004-05 & 2005-06 respectively. As the issues involved in both the appeals are common, therefore, these were heard together and are being disposed off by this common order for the sake of convenience. 2. The grounds raised in ITA No.455(Asr)/2012 by the Revenue are....

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....A), Amritsar was right in not appreciating the judgments of Hon'ble Supreme Court of India in the case of Ponni Sugar & Sawhney Steel and press works Ltd, wherein the Hon'ble Supreme Court had held such receipts to be the revenue receipts in as much as in that case payments were made only after the industries had been set up and payments were not made for purpose of setting up of industries. 3.....

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....ne or more grounds of appeal." 2. At the time of both the Ld. DR and Ld. counsel for the assessee fairly conceded that the issues involved in these appeals relating Excise Duty Refund and Interest Subsidy are squarely covered in favour of the assessee by the decision of the Jurisdictional High Court of Jammu & Kashmir in the case of Shree Balaji Alloys v. CIT and Another, reported in (2011) 333....