The Kerala State Homeopathic Co-op Pharmacy Ltd, Alappuzha V. DCIT, Alappuzha

ITA 256/COCH/2010

• Counselvise Citation: [2011] 135 COUNSELVISE.COM (IT) 0880 (ITAT-COCHIN)
• Duration Of Justice: 9 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-01-2011
• Appeal Filed By: Assessee
• Bench Allotted: DB
• Assessment Year: 2007-2008
• Appeal Filed On: 08-04-2010
• Court: TRIBUNAL
• Department Lawyers: DR BABU JOSEPHSR
• Assessee Lawyers: BIJU NARAYANAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.VIJAYAKUMARAN & SHRI SANJAY ARORA I.T.A.NO.256/COCH/2010 ASSESSMENT YEAR:2007-08 THE KERALA STATE HOMEOPATHIC CO-OPERATIVE PHARMACY LTD., PATHIRAPPALLY, ALAPPUZHA. PA NO.AAAJT 0881C VS. THE DY. COMMISSIONER OF INCOME-TAX, CIRCLE-1, ALAPPUZHA. (APPELLANT) ( RESPONDENT ) APPELLANT BY SHRI BIJU NARAYANAN, C.A RESPONDENT BY DR. BABU JOSEPH,SR.DR O R D E R PER N.VIJAYAKUMARAN,J.M: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST TH E ORDER OF THE LD. CIT(APPEALS)-IV, KOCHI, DATED 27- 01-2010. THE ASSESSMENT YEAR INVOLVED IS 2007-08. 2. THE FIRST ISSUE IS ON THE TREATMENT OF GRANT-IN -AID SANCTIONED BY THE CENTRAL GOVERNMENT FOR THE PURPOS E OF CONSTRUCTION OF NEW BUILDING, BEING QUALITY CONTROL DIVISION, PURCHASE AND INSTALLATION OF PLANT & MACHINERY, EQU IPMENTS, ETC. ITA NO. 256/COCH/2010 2 3. THE ASSESSEE IS A CO-OPERATIVE SOCIETY ENGAGED I N THE BUSINESS OF MANUFACTURING AND SALE OF HOMEOPATHIC MEDICINES. DURING THE YEAR UNDER CONSIDERATION, ASS ESSEE RECEIVED A SUM OF ERROR: UNDEFINED OFFENDING COMMAND: RUPEE STACK: / INDIAN