"3. From ground Nos.3 and 4, the appellant has contested
Assessing Officer's finding of treating interest subsidy as taxable.
The Assessing Officer has given detailed reasons for treating such
subsidy as taxable. The issue happens to be covered against the
appellant vide Hon'ble ITAT, Amritsar Bench's decision in the case
of M/s.Kashmir Tubes Vs. ITO in ITA No.145(ASR)/2005 on
7-12-2007.