M/S M.B.INDUSTRIES P LTD,INDORE vs. THE ACIT 3 (1), INDORE
In the result, appeal of the assessee is partly allowed
ITA 241/IND/2023[2012-13]Status: DisposedITAT Indore19 Dec 2023AY 2012-13
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. M.B Industries Private Acit 3(1) Ltd. Indore Plot No.27 & 33, Sector-A, Sanwer Road, Vs. Industrial Area, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Achpp2073R Assessee By Shri A.K. Garg & Arpit Gaur, Ars Revenue By Shri Harshit Bari, Sr. Dr Date Of Hearing 31.10.2023 Date Of Pronouncement 19.12.2023
Section 14A
14A of the Income-Tax Act, 1961 out of the interest claimed by the appellant..”
2. Ground no.1 & 2 are regarding the addition made by the AO on account of grant-in-aid of Rs.25,00,000/- received by the assessee from Ministry of Food Processing Industries Government of India by treating the same as revenue in nature. The assessee