Income Tax Calculation Dispute: Tribunal Orders Detailed Reassessment of Capital Grants and Subsidies Income

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....ITAT remanded the case back to CIT(A) regarding income from other sources calculation. The tribunal identified an unresolved discrepancy between the assessee's claimed 5.28% and the proposed 15% addition of capital grants and subsidies. The CIT(A) was directed to re-examine the income classification, provide a detailed analysis of the income source, and ensure the assessee receives a fair hearing in accordance with principles of natural justice. The matter requires further adjudication to determine the precise tax treatment of the contested income sources.....