2009 (3) TMI 1038

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..... the facts and in the circumstances of the case the Hon ble Tribunal is right in confirming the order of CIT(A) in holding that a sale of additional quota of free sale of sugar granted to the assessee by the Central Govt. as capital receipt? (b) Whether on the facts and in the circumstances of the case the Hon ble Tribunal is right in confirming the order of CIT (A) in deleting disallowance .....

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..... ng by the tribunal that the receipt amounts to capital receipt cannot be faulted with. The assessee had taken loan for the purpose of expansion of the existing industrial undertaking in the instant case for the production of sugar. Under the scheme available, on expansion the assessee was entitled for sale of additional quota of sugar. The sale proceeds were to be adjusted toward the repayment of .....

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