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
section 10(30) are very specific and
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clear on the nature of benefit to be granted to the assessee on subsidy receipts. It was also observed that there was no ambiguity in the intention of the Government in not notifying the subsidy in question that the same was not eligible for exemption u/s.10
