144 results for “disallowance”+ Section 2(24)(iv)clear
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In the result, appeal for the assessment year 2018–19 filed by the assessee is partly allowed
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
section 115JB of the Income-tax Act, 1961 as contended by the revenue by relying on the decision in the case of Appollo Tyres Ltd. (supra). 27. In this case since we have already held that in relevant assessment year 2010-11 the incentives "Interest subsidy' and 'Power subsidy' is a 'capital receipt and does not fall within the definition