2019 (4) TMI 356

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....And Shri Vishal Mishra, C.A. For the Revenue : Ms. Pranita M. Biswal, CIT-D.R. ORDER PER BHAVNESH SAINI, J.M. This appeal by Revenue has been directed against the Order of the Ld. CIT(A)-2, Noida, Dated 29.01.2016, for the A.Y. 2011-2012, on the following ground : (i) "Whether on the facts and in the circumstances of the case and in law, the CIT(A) has erred in holding that th....

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.... Income Tax Act, 1961". The Ld. CIT(A) following the judgment of the Hon'ble Delhi High Court held that the compensation received on account of loss of equipment in hole is not includable in the taxable receipts of the assessee under section 44BB of the Income Tax Act, 1961. 3. Learned Counsel for the Assessee submitted that the decision of the Hon'ble Uttarakhand High Court in the case of CIT,....