DY. COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW vs. M/S AYODHYA FAIZABAD DEVELOPEMENT AUTHORITY, FAIZABAD
In the result, appeal in ITA No
ITA 525/LKW/2017[2011-12]Status: DisposedITAT Lucknow25 Sept 2025AY 2011-12
Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)
For Appellant: Ms. Shweta Mittal, C.AFor Respondent: Sh. R.K. Agarwal, CIT DR
Section 11Section 143(2)Section 147Section 148Section 276CSection 292B
10B should have been accepted.
3. Because the Ld. Assessing Officer was wholly unjustified, both on facts and in law, in making addition of Rs 4,19,46,586/- out of grant received from Tourism
Department. The Ld. Assessing Officer failed to appreciate that the grant from State Government is a capital receipt and not the income, even on commercial
