2008 (1) TMI 197

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..... the case, the Income-tax Appellate Tribunal was legally justified in holding that the grant-in-aid of Rs. 6,07,788.94 received by the appellant under the scheme of the State Government, introduced with the object to promote the construction of new and permanent cinema halls in backward areas as per the Government policy dated July 21, 1986, as revenue receipt rather than capital receipt in the han .....

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..... us that the Department has not accepted the law shown in the case of Kalpana Palace [2005] 275 ITR 365 (All) and has carried the matter higher to the Supreme Court. 5. Considering all these facts and circumstances, we allow the present appeal also holding that for the assessment year 1992-93, the money received by the appellant-assessee under the State Government Scheme intended to promote const .....

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