OSAKA ALLOYS & STEEL PRIVATE LIMITED,JALANDHAR vs. DCIT/ACIT, CIRCLE-1, JLD, JALANDHAR
In the result, the appeal filed by the assessee is allowed
ITA 60/ASR/2025[2012-13]Status: DisposedITAT Amritsar07 Aug 2025AY 2012-13
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
For Appellant: Sh. Rohit Kapoor, Adv. &
Section 115Section 115JSection 143(1)Section 154Section 154oSection 2(24)Section 250Section 250oSection 80I
disallowing the excise duty credit of Rs. 5,26,484/-.
4. That the Ld. CIT (A) has erred in law and facts and has failed to appreciate that the AO having taken a view that the subsidies amounting to Rs. 5,26,484/- are capital in nature and then erred in not giving the same treatment while working out book
