2015 (4) TMI 1104

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....S. J. Vazifdar, J. 1. This is an appeal against the order of the Income-tax Appellate Tribunal dismissing the appellant's appeal against the order of the Commissioner of Income-tax (Appeals). The matter pertains to the assessment year 2007-08. According to the appellant, following are the substantial questions of law : "(i) Whether on the facts and in the circumstances of the case, the lear....

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....rate subsidy and communication charges to compute total turnover and export turnover for the purpose of computation of deduction under section 10A of the Act by relying upon the decision of the hon'ble Supreme Court in the case of CIT v. Lakshmi Machine Works [2007] 290 ITR 667 (SC) as the issues involved in the referred case and instant case are of totally different nature ? (iv) Whether on....

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....t. The assessee received an amount of Rs. 6.83 crores by way of subsidy towards reimbursement of pre-operative expenses from April, 2006 to October, 2006. The assessee started production in respect of the export goods only on November 1, 2006. The Commissioner of Income-tax (Appeals), therefore, held that the amount of Rs. 3.36 crores for the period prior thereto was reimbursement of expenses and ....