2018 (12) TMI 1869

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Per Sushma Chowla, JM: The appeal filed by assessee is against order of CIT(A)-1, Pune, dated 04.03.2016 relating to assessment year 2011-12 against order passed under section 143(3) of the Income-tax Act, 1961 (in short 'the Act'). 2. The assessee has raised the following grounds of appeal:- In the facts and circumstances of the case and in law, the learned Commissioner of Income Tax (....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bsidy was granted. c. in holding that the subsidy is revenue in nature merely because the incentives were paid after the production commenced. He failed to appreciate the settled law in this regard in its true perspective. 3. Despite service of notice, none appeared on behalf of the assessee nor any application was filed for adjournment. 4. The learned Departmental Representative for the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ceipts. The CIT(A) upheld the order of Assessing Officer. 7. We find that similar issue arose before the Tribunal in assessee's own case in ITA No.601/PN/2013, relating to assessment year 2009-10 and ITA No.215/PN/2014, relating to assessment year 2010-11, wherein vide consolidated order dated 24.03.2017, the Tribunal has elaborately considered the scheme under which the assessee was given the ....