M/S.KANNAN DEVAN HILLS PLANTATIONS COMPANY P. LTD,IDUKKI vs. THE ACIT, COCHIN
In the result, the appeal filed by the assessee stands partly allowed
ITA 27/COCH/2020[2016-17]Status: DisposedITAT Cochin30 Mar 2023AY 2016-17
Bench: SMT. BEENA PILLAI (Judicial Member), MS. PADMAVATHY S (Accountant Member)
For Appellant: Smt. Rohini Thampy, CA
Section 10Section 10(30)Section 30Section 801ASection 80I
fund scheme etc and that the activity for which the subsidy is given remains unchanged, I am constrained by the provisions of section 10(30) which unambiguously stipulates that the Central Government must expressly notify such schemes in the official Gazette.
2.6 The assessee company vide its reply dated above ... made an alternate claim stating that in any case if the claim under section 10(30) is not allowed to the assessee as made in the return of income, the assessee would wish to extend an alternate claim that the amount of subsidy for rejuvenation and replacement planting
