2018 (8) TMI 2132

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.... This appeal filed by the Revenue is directed against the order dated 28.04.2016 of CIT(A)- 33, Raipur (CG) relating to assessment year 2010-11. 2. The only effective ground raised by the Revenue reads as under :- "1. Whether in law and on facts & circumstances of the case, the Ld. CIT(A) was justified in deleting the addition of Rs. 3,41,28,862/- made by the A.O. on account of the subsidy rece....

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....vestment policy of Government of Chhattisgarh for 2004 to 2009, the assessee is entitled to receive infrastructure development/ capital investment subsidy to the extent of 25% of infrastructure cost for establishing industries in industrial area, subject to maximum amount equivalent to the amount of Commercial Tax/Central Sales Tax paid in the State in five year period. The District Industry Centr....

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....ess more profitably and it is an operation subsidy. He further noted that the order of the ld. CIT(A) was not accepted by the Department and appeal has been filed before ITAT. He accordingly made addition of Rs. 3,41,28,862/- to the total income of the assessee. 6. In appeal, the ld. CIT(A), following the order of his predecessor for assessment year 2009-10 which has been confirmed by the Tribuna....