2010 (7) TMI 1073

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a Mulani ORDER PER J. SUDHAKAR REDDY, AM: This appeal filed by the revenue is directed against the order of the Commissioner of Income-tax (Appeals), Central VI, Mumbai, dated 05.01.2009, on the following ground: "On the facts and in the circumstances of the case and in law, the Ld.CIT(A) erred in allowing deductions of Rs. .19,51,254/- in respect of the advance license benefits ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....7, 28,29 in ITA No.436/M/97, held as follows:  "Ground No. 9 along with its various parts pertains to taxation of advance Licence Benefit Receivable amounting to Rs. 2,55,42,259/-. The Assessing Officer taxed the same and the learned CIT(A) has upheld the Assessing Officer' s action. Hence the assessee is in appeal before the Tribunal. The learned AR of assessee has contended that th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ce, it had neither accrued not arisen during the year of account. In our considered opinion, the cited decision squarely applies to the facts of the case in hand. We, therefore, respectfully follow the aforesaid order of the Tribunal and hold accordingly and in turn we delete the addition." Respectfully following the orders of the Co-ordinate Bench of the Tribunal in the assessee's own case, we....