2018 (3) TMI 526

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....T (Per S.V. Gangapurwala, J.) 1. We have heard Mr. Sharma, learned Counsel for appellant. Though the respondent is served, none appears. On last occasion also none appeared for the respondent. The following question of law arise : "Whether the Tribunal was right in deleting the additions made on account of Cane Development Fund, Area Development Fund, Small Savings, Hutment Fund, C.M. ....

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.... case put forth by the assessee of utilising the said amount for the purpose for which it was collected. 5. Considering the judgment of the Apex Court in the case of Siddheshwar S.S.K. Ltd., Vs. Commissioner of Income Tax (supra), it would be necessary to remit the matter back to the Tribunal for considering the aspects in respect of Cane Development Fund, Area Development Fund, Small Savings, ....