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TMI Blog2020 (5) TMI 745X X X X Extracts X X X X X X X X Extracts X X X X ..... ted [ 2013 (12) TMI 1668 - ITAT BANGALORE] - HELD THAT:- As DR could not point out about stay of operation or reversal of this judgment of Hon ble Karnataka High Court rendered in the case of CIT vs. Karnataka State Agricultural Produce Processing and Export Corporation limited for A. Y. 2008-09 and she also could not point out any valid reason because of which the CIT (A) was not correct in follo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a categorical finding that these are business expenses of the assessee and for any scheme for which grant is received by the assessee. These findings of CIT (A) could not be controverted by the learned DR of the revenue and therefore, on this issue also, we decline to interfere in the order of CIT (A). Revenue appeal dismissed. - Shri A.K. Garodia, Accountant Member And Shri Pavan Kumar Gadale, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther appeal is pending as SLP before Hon ble Supreme Court. 3. In this regard, in course of hearing, this was the query of the bench from the learned DR of the revenue as to whether the operation of the judgment of Hon ble Karnataka High Court rendered in the case of CIT vs. Karnataka State Agricultural Produce Processing and Export Corporation limited for A. Y. 2008-09 followed by CIT (A) is stay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds 4 and 5 about relief allowed by CIT (A) of Rs. 43,91,499/- out of total disallowance by the AO of Rs. 46,63,097/-, learned DR of the revenue supported the assessment order and learned AR of the assessee supported the order of CIT (A). 5. We have considered the rival submissions. We find that in Para 18 and 19 of his order, learned CIT (A) has noted the various schemes for which grants were rece ..... X X X X Extracts X X X X X X X X Extracts X X X X
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