Mahindra and Mahindra Ltd. v. ACIT (2025) 214 ITD 193 (Mum) (Trib.)

S. 4: Charge of income-tax-Subsidy-Industrial Promotional Subsidy from State Government-Matter remanded to the file of CIT(A) for adjudication afresh.[S. 2(24)(viii)]

Tribunal held that since the assessee’s claim was more in respect of the amended definition of income in terms of section 2(24)(viii), however, the same was not elaborately discussed and dealt with by the CIT(A), the matter was remanded for adjudication afresh.(AY. 2016-17)

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