2018 (8) TMI 1752

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sp; This appeal by the Revenue is directed against the order of Commissioner of Income Tax (Appeals)-5, Pune dated 30-06-2016 for the assessment year 2012-13. 2. The notice of appeal was sent to the assessee on 06-06-2018 through RPAD for 30-07-2018. Despite service of notice none has appeared on behalf of the assessee. It appears that the assessee is not keen to pursue the appeal. According....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ce on the decision of Tribunal in the case of M/s. John Deere Equipments Pvt. Ltd. Vs. Dy. Commissioner of Income Tax in ITA No. 30/PN/2012 for assessment year 2005-06 decided on 31-03-2015 held that the subsidy received by the assessee is capital receipt. Against the order of Commissioner of Income Tax (Appeals), the Revenue is in appeal. 4. Shri M.K. Gautam representing the Department vehemen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e amount of Rs. 2,36,05,000/- is stated to be receivable as on 31-03-2012. The subsidy was sanctioned to the assessee under the Package Scheme of Incentives, 2007 of the State Government, against investment of Rs. 26.77 crores made by the assessee in land, factory building, plant and machinery, electrical installation etc. The Commissioner of Income Tax (Appeals) granted relief to the assessee by ....