ACIT VS. Uniflex Ltd.

Parties Involved

Facts Summary

The present appeal is filed by the Department of Revenue against the order of the Commissioner of Income Tax (Appeals) -29 [‘Ld. CIT (A)’ for short] - New Delhi dated 17/03/2017 for the Assessment Year 2007-08. None appeared for the Assessee. The Ld. Departmental Representative Ms. Jaya Chaudhary submitted that the original order dated 31/12/2010 passed u/s 153A r.w. Section 143(3) of the Income Tax Act, 1961 (‘Act’ for short) has been challenged before the Ld. CIT(A) and the Ld. CIT(A) has confirmed the said order of the A.O. The said order of the Ld. CIT(A) has been called in question before the Tribunal for the Year under consideration in ITA No. 1730/Del/2017 and other connected matters, wherein the Co-ordinate Bench of the Tribunal has decided the very same issue of sales tax subsidy received from UP Government to the tune of Rs. 36,57,94,648/- and another subsidy received from MP Industrial Policy amounting to Rs. 62,75,275/- in favour of the Assessee.…

Legal Issues

• 1. Whether the sales tax subsidy received from UP Government and another subsidy received from MP Industrial Policy should be added to the income of the Assessee.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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