2011 (11) TMI 869

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....: Shri Rakesh Jain, Advocate ORDER PER BENCH : This appeal of the Revenue arises from the order of ld. CIT(A)-II, Agra dated 18.03.2010 for the Assessment Year 2007-08. 2. The Revenue has raised the following ground of appeal :- "1. That the ld. CIT(A) has erred in law and on facts in deleting the addition of Rs.7,50,000/- made by the Assessing Officer on account of capital su....

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....hat the appellant crave leave to add or alter any or more ground or grounds of appeal as may be deemed fit at the time of hearing of appeal." 3. The brief facts in ground no.1 of the Revenue are that the assessee has received capital subsidy of Rs.50,00,000/- during the year. The A.O. observed that the capital subsidy has been kept in the bank and the assessee has taken loan against this and th....