2015 (7) TMI 537

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....>Income Tax<br>A.M. Khanwilkar and K.K. Trivedi, JJ. For The Petitioner : Shri Sanjay Lal, learned counsel For The Respondent : Shri Sumit Nema, learned counsel with Shri Vijendra Mishra, learned counsel Heard counsel for the parties. These appeals are filed by the Department qua single assessee regarding twenty two separate assessment years i.e. 1988-89, 1989-90, 1990-91, 1991-92, 199....

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....er was of the view that the respondent /assessee had taken only one time financial assistance from the State. The first Appellate Authority (Commissioner of Income Tax (Appeals) - I, Bhopal) has affirmed this finding of the Assessing Officer. The Tribunal, however, has opined that the assessee received continuous financial assistance from the State. In the backdrop of this conclusion the departmen....

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.... in the circumstances of the case, the ITAT was justified in law and did not exceed its jurisdiction in allowing relief u/s 10 (23-C) (VI) of the IT Act for the A.Y.2000-01 to 2007-08 when the assessee Writ Petition against the order of the Chief Commissioner of Income Tax dated 10.3.2008 denying approval under Section 10 (23-C)(vi) was pending before the High Court?" 4. Having considered the r....